current account

Definition

The net flow of current transactions, including goods, services, and interest payments, between countries.

Use current account in a sentence

They looked at the trades between the countries and the current accounts appeared to be the strongest in a long time.

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We examined the current account and were overall quite pleased with how things looked, which was sure to please management.

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When the U.S. and Canada looked at their current account, they realized that they were importing and exporting approximately the same number of goods.

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