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Home > QFINANCE Dictionary > Definition of current account

Definition of

current account

  • 1.

    record of transactions between two parties a record of transactions between two parties, for example, between a bank and its customer, or a branch and head office, or two trading nations.

    Related definitions of "current account"

  • 2.

    bank account from which withdrawals are always allowed a bank account from which funds can be withdrawn at any time, but which does not usually earn interest, except in the case of some online accounts. It is the most common type of bank account.

    Related definitions of "current account"

Recommended Further Reading (Term count)

Definitions of ’current account’ and meaning of ’current account’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’current account’ and other financial terms with our online QFINANCE Financial Dictionary.

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