current account

current account definition - business

current account

A country's international transactions in goods and services including such items as cars, computers, and return on investments. Surpluses/deficits in a country's current account must be offset by deficits/surpluses in the country's capital account. Compare capital account 2.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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