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

Recent Examples on the Web Declining revenue from the energy industry has contributed to a fall in Russia’s current account surplus, which slumped 79% between January and September compared with the same period in 2022. Anna Cooban, CNN, 12 Oct. 2023 Plunging export volumes continue to weigh on the economy, as the current account surplus shrank 86% year-on-year to just $25.6 billion in January-August. Prarthana Prakash, Fortune, 3 Oct. 2023 But the bigger progress was reputational, the bank has been able to raise current account and savings account (CASA) deposits from $651 million upon the merger in 2019 to $8.8 billion, far outpacing the industry. Foreign Affairs, 7 Sep. 2023 Economic troubles have forced him to mute his anti-Western rhetoric: the country faces a currency crisis, double-digit inflation, and an enormous current account deficit. Gonul Tol, Foreign Affairs, 26 Oct. 2018 As a result, the shortfall in its current account ballooned to a record $10 billion in January as imports soared. Bychristiaan Hetzner, Fortune, 9 June 2023 With the lira losing almost 30% of its value against the US dollar over the past year—more than 6% on Wednesday alone—a swollen current account deficit and a central bank that’s burned through currency reserves, Turkey needs foreign money again. Bloomberg.com, 7 June 2023 Through the year, Russia’s current account surplus—the difference between money entering and money leaving the country—hit a record high of $227 billion. Quartz, 24 Feb. 2023 Since, the regulation has since enabled customers and SMEs to securely share their current account information with third-party providers. Meaghan Johnson, Forbes, 21 Feb. 2023 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'current account.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Dictionary Entries Near current account

Cite this Entry

“Current account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/current%20account. Accessed 21 Feb. 2024.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!