Noun
a bank account against which the depositor can draw checks that are payable on demand
that part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments
Source: WordNetA domiciliary account is a type of current account that allows you to fund it with foreign currencies such as dollars, pounds or euros and enables you to do foreign transactions on that account. Source: Internet
America’s "widening current account deficit, low yields and huge monetary base” due to the Federal Reserve’s unprecedented bond purchases, is the driver, says Minori Uchida, head of global market research at MUFG Bank in Tokyo. Source: Internet
Another condition introduced in the last decade is to insist on a certain number of direct debit mandates to form part of the current account. Source: Internet
Cumulative current account balance per capita 1980–2008 based on International Monetary Fund data. Source: Internet
Another side-effect to watch is the deteriorating trade balance and current account, both of which are inversely related to growth (see chart below). Source: Internet
A sizable current account deficits remains, but started to shrink in the last months of 2008 and is expected to do so in the near future. Source: Internet