current account

noun

British
: a bank account from which a person can take money by writing checks : checking account

Examples of current account in a Sentence

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The current account deficit relative to GDP has doubled from 2% to 4% since the onset of the Covid-19 pandemic (see chart). Nick Sargen, Forbes, 7 Jan. 2025 If others have better APYs and can match or beat your current account’s savings features, consider transferring your money to the better option. Nerdwallet, Boston Herald, 18 Sep. 2024 Moscow’s current account surplus—the value of its exports minus imports—will likely exceed $60 billion in 2024, up from $50 billion in 2023. Theodore Bunzel, Foreign Affairs, 9 Dec. 2024 Right Now By Jordan Thomas Forbes Staff Massive tariffs will try to raise revenue and alter the current account deficit. James Berman, Forbes, 27 Nov. 2024 This has contributed to a widening of the U.S. current account deficit in the past few years. Nick Sargen, Forbes, 28 Oct. 2024 Rather than a surplus, which the U.K. doesn’t have, the fund is financed by money borrowed by a government that is heavily overdrawn on its current account to facilitate state investments. Gaurav Sharma, Forbes, 24 Sep. 2024 Those domestic shifts explain China's large current account surpluses and the U.S.'s large current account deficits, the authors found, without resorting to narratives that center on Chinese subsidies for electric vehicles, solar cells, semiconductors and other products. Neil Irwin, Axios, 12 Sep. 2024 Japan releases bank lending, trade, current account and revised GDP growth figures, Taiwan releases trade data, and perhaps most important of all, China unveils producer and consumer price inflation figures. Jamie McGeever, USA TODAY, 8 Sep. 2024

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“Current account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/current%20account. Accessed 22 Jan. 2025.

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