Part of a nation's balance of payments which includes the value of all goods and services imported and exported, as well as the payment and receipt of dividends and interest A nation has a current account surplus if exports exceed imports plus net transfers to foreigners The sum of the current and capital accounts is the overall balance of payments
Account (also referred to as a giro account or personal account) held by a credit institution to which access can be obtained at virtually any time, by paying in, withdrawing cash, arranging bank transfers or writing cheques In many cases, a current account provides an opportunity for arranging a credit facility Usually, the account holder receives an EC card or a Bank customer card which enables him to make use of self service facilities, such as cashpoints or bank statement printers
The current account of the balance of payments outlines international transactions occurring as a result of international movements of goods and services The current account is comprised of: 'visible trade' (Balance ofTrade) which is the trade in merchandise exports, imports and re-exports; trade in services (such as intenational transport and tourism); profits earned (payable or received) and interest payments and receipts
That part of a country's balance of payments accounts which records the value of goods and services exported minus the value of goods and services imported
A country's current account is the difference in value between its exports and imports over a particular period of time. Portugal will probably have a small current-account surplus for 1992. a bank account that you can take money out of at any time American Equivalent: checking account
The net balance of a country's international payment arising from exports and imports together with unilateral transfers such as aid and migrant remittances It excludes capital flows
an account with a bank which allows you to draw any time without notice (not to be confused with the current account of the balance of payments See next entry)
The part of a country's balance of payments ledger showing exports of goods and services to other countries, and imports of goods and services from other countries
Acategory in the balance of payments account that includes all transactions that either contribute to national income or involve the spending of national income [FACS]
A current account is a personal bank account which you can take money out of at any time using your cheque book or cash card. His current account was seriously overdrawn
A bank account, which allows instant access to your money The interest rates are normally very low on these accounts A glossary('debit card','debit card',5) is normally provided to gain access to your money from service-machines as well as pay for goods
An account that records the flows of goods and services and other current receipts and payments between residents of the domestic economy and residents of the rest of the world
the section of a country's balance of payments statement which totals international transactions for import and export payments, interest on debts, profits from foreign direct investment and aid grants The current account is a broad measure of a country's trade balance (a negative current account balance = a trade deficit)
A government record of imports and exports, including both goods and services other than invisibles, eg interest payments The current account balance represents the difference between national income and national expenditure
The portion of a balance of payments that portrays the market value of a country's "visible" (e g , commodity trade) and "invisible" (e g , shipping services) exports and imports with the rest of the world See also capital account and cash account
The part of the balance of payments that includes trade in goods and services, net income from foreign investment and labor remittances A current account surplus implies that a country is a net lender to the world A deficit implies that a country is a net borrower [TOP]