Current Account (Noun)

Meaning ¹

A bank account against which the depositor can draw checks that are payable on demand.

Classification

Nouns denoting possession and transfer of possession.

Examples

• The company's current account was overdrawn by several thousand dollars after a series of large checks were written to suppliers.
• She balanced her personal current account every month to make sure she wasn't accidentally bouncing any checks.
• The small business applied for a current account with a low monthly maintenance fee to save on banking expenses.
• After graduating from college, he opened his first current account to start managing his finances independently.
• The joint current account held by the married couple allowed them to write checks and make debit card purchases from a shared pool of funds.

Synonyms

• Chequing Account
• Checking Account

Hypernyms

• Bank Account

Related Words

• Britain (noun)

Meaning ²

That part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments.

Classification

Nouns denoting possession and transfer of possession.