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Meaning of current account

cur'rent account'

Pronunciation: [key]
  1. Also calledan account of credits, debits, receipts, and expenditures between two individuals or companies, usually providing for settlement at the end of specified accounting periods.
  2. (in certain foreign countries) a checking account.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.