The The Current Account summarizes the flow of goods, services, income and transfer...
The net result of a country's Trade Balance and its Services Account.
The part of the balance of payments which is due to trade flows. It can be broken down into visibles, which are physical goods imported and exported from the United Kingdom, and invisibles, which are services imported to or exported from the UK, such as advertising, insurance and training.
Another name for an instant access account offering banking facilities such as cheque book, cash card, guarantee card and automated payments (standing orders, direct debits etc).
A record of receipts from the sale and purchasing of goods and services from foreigners.
An account which generally has a cheque book and other facilities that an ordinary account may not have. This type of account generally pays a lower rate of interest than a savings account.
A category in the balance of payments account that includes all transactions that either contribute to national income or involve the spending of national income.
The current account balance is the difference between the payments we receive from overseas and the payments we make. It includes balances of merchandise trade, services and investment income. The term 'balance of payments' is commonly used interchangeably with 'current account', although technically the balance of payments also includes capital transactions.
An account which enables you to pay for day-to-day goods and services using either a card or a cheque book (a UK term for a Cheque Account).
(GB) or checking account (US) - bank account which pays no or little interest, but allows the holder to withdraw his or her cash with no restrictions
Reported by the Commerce Department, is the broadest measure of U.S. trade with the rest of the world utilizing data about goods, merchandise and services, and some financial transactions.
A cardholder account on which payment is up to date and no amount is overdue.
The part of Australia's Balance of Payments relating to imports and exports of goods and services and the net effect of income received and payments made on Australia's foreign debt and investments. A Current Account Deficit means that the sum of all these activities yields a negative figure. (See also Capital Account).
A bank deposit that can be withdrawn by the depositor at any time.
Transactions where the payments are income for the recipient. A country's balance of payments on current account includes trade in goods, or visibles; trade in services, or invisibles; payments of factor incomes, including dividends, interests, migrants remittances from earnings abroad; and international transfers, that is gifts. Current account is contrasted with capital account, where transactions do not give rise to incomes, but represent changes in the form in which assets are held.
An active account at a bank into which deposits can be paid and from which withdrawals can be made.
Current account balance of payments comprises imports and exports of merchandise, payments and receipts for services such as shipping, banking and tourism, private transfers like remittances from migrant workers, official transfers such as contributions to international bodies like the European Community. See Capital Account, Basic Balance of Payments.
Cheque account (banking)
Context is: trade term. That portion of a country's balance of payments that records current (as opposed to capital) transactions, including visible trade (exports and imports), invisible trade (income and expenditures for services), profits earned from foreign operations, interest, and transfer payments. See also Balance of Payments; Capital Account; Invisible Trade; Transfer Payments; Visible Trade.
Part of Australia's Balance of Payments that records the country's payments and receipts for imports and exports of goods and services, along with the net effect received and payments made on Australia's foreign debt and investments. Thus, a Current Account Deficit indicates that the sum of all these activities yields a negative figure.
Part of a nation's balance of payments accounts; records exports and imports of goods and services, net investment income, and transfer payments with other countries. View Capstone Lesson(s) that address this concept
the sum of the merchandise, services, investment income, and unilateral transfers accounts in the balance of payments
A bank account linked to a cheque book and/or debit card. In exchange for instant access and the ability use cheque or debit facilities, most pay little or no interest on the balance they contain.
that part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments
a bank account from which you can take money at any time
a low-cost operating account
a multi-currency account and can be credited unlimitedly
a multi-currency account for corporate and private persons for all types of transactions in Latvian Lats other freely convertible currencies, and currencies of the CIS countries
an account for companies for making settlements both in Latvian lats and other currencies
an account for day-to-day use
an everyday account for money to be paid in or taken out - it helps you budget and manage your money and pay for things in a convenient and secure way
a non-interest bearing Account
Record of international receipts and payments—current account balance equals exports minus imports, plus net interest and transfers received from abroad. (p. 508)
The balance between a country's exports and imports of goods and services. A current account deficit occurs when the value of imports over a period is higher than the value of exports; a current account surplus occurs when the value of exports is higher than that of imports.
A record of receipts from the sale of goods and services to foreigners, payments for goods and services bought from foreigners, and factor income (such as interest and profits) and current transfers (such as foreign aid) received from and paid to foreigners.
An account that records the flows of goods and services and other current receipts and payments between residents of the domestic economy and residents of the rest of the world.
a bank account designed for regular financial transactions, with little or no interest paid. A cheque book and cashpoint card are normally supplied with this account
Exports and imports of goods and services, net factor income from abroad, and unilateral transfers (gifts and foreign aid).
Bank account, generally with a low rate of interest, used for processing payments.
A bank account allowing a customer to deposit money and withdraw money, by writing cheques, standing order or direct debits.
An account which reflects all payments between Canadians and foreigners for goods, services, interest and dividends.
Component of the balance of payments, showing transactions with the rest of the world for goods and services, wages, investment income and current transfers.
A current account is a bank account offering a number of facilities including cheque book, deposits, direct debits, overdrafts, debit cards, etc. A current account is normally used for ongoing day-to-day transactions such as monthly direct debits, payment of household bills, etc.
A broad measure of a country's international trade in goods and services.
Checking account (banking)
These accounts offer the facility of a chequebook / cash card and do not require any notice to be given to withdraw funds. The accounts vary in the facilities offered such as cheque guarantee cards, debit cards and overdrafts etc
A part of a nation's balance of payments that record financial flows due to international trade in goods and services and unilateral transfers (aid or grants) between nations. A current account deficit means that a nation is paying out more for goods and services that it receives for the goods and services that it sells on international market.
The net balance of a country's international payment arising from exports and imports together with unilateral transfers such as aid and migrant remittances. It excludes capital flows.
A measure of the flows of income between New Zealand and the rest of the world. A net inflow to New Zealand is a current account surplus, while a net outflow is a deficit. The current account balance is commonly expressed as a percentage of GDP.
A component of the balance of payments accounting system that records the flow of goods and services (as well as investment income and transfers) between an individual country and the rest of the world.
A balance of payments account category that incorporates all transactions that either contribute to a country's national income or involve the spending of that national income.
A British-English term for the American checking account. Such accounts usually allow unlimited withdrawals by cheque, ATM or transfer. Some pay interest, but the rate is usually lower than on a savings account or bank money-market account. Kembali ke top
A bank or building society account which helps you to manage your money, pay bills, receive money and keep money secure. It will have more services than a basic bank account, for example, you will get a cheque book.
Deposit account at a commercial bank, savings bank, or savings and loan; it doesn't normally pay interest, and includes a cheque book.
the section of a country's balance of payments statement which totals international transactions for import and export payments, interest on debts, profits from foreign direct investment and aid grants. The current account is a broad measure of a country's trade balance.(a negative current account balance = a trade deficit)
The part of the balance of payments that includes trade in goods and services, net income from foreign investment and labor remittances. A current account surplus implies that a country is a net lender to the world. A deficit implies that a country is a net borrower.
A bank account, known in the United States as a checking account, the funds of which are used mainly for the purposes of money transmission. Checks are drawn on current accounts, and standing orders are debited against them. Current accounts rarely pay significant rates of interest on credit balances.
An offshore, personal savings or checking account.
A fully operational account for day-to-day use. Use this account for wiring funds to your business partners. Recommended to any business that does not need the special security features of a numbered account. See also: Numbered Account
A bank account, which allows instant access to your money. The interest rates are normally very low on these accounts. A is normally provided to gain access to your money from service-machines as well as pay for goods.
A form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount.
A bank account which offers a number of facilities including cheque book for debt settlement, deposits, direct debits and where applicable, overdrafts. This type of account is normally used for ongoing transactions (for example monthly direct debits and writing of cheques etc.) as opposed to a deposit account.
balance â€“ total exports of goods and services less total imports of goods and services, plus total income into the country less total payments out of the country
The most basic type of bank account. Deposits usually earn no or minimal interest. Funds can be withdrawn by a cheque, debit card or electronic transfer.
The most important part of international trade data. It is the broadest measure of sales and purchases of goods, services, interest payments and unilateral transfers. The entire merchandise trade balance is contained in the current account.
the part of the balance of payments recording transactions involving the export or import of goods and services as well as transfers. (Settled within the 12 month time period)
An account opened by a bank for a client on a contractual basis for the purposes of keeping money and effecting payments and other operations by using payment instruments in compliance with the terms and conditions of the contract and the requirements of the law of Ukraine.
The record of all transactions with foreign nations that involve the exchange of goods and services or unilateral gifts.
The most common form of bank account, one can write cheques against it.
The section of Australia’s Balance of Payments relating to imports and exports, and the net effect on Australia’s foreign debt and investments of income received and payments made.
The current account of the balance of payments is the sum of the balance of trade (exports less imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). A current account surplus increases a country's net foreign assets by the corresponding amount, and a current account deficit does the reverse. Both government and private payments are included in the calculation.
A current account is a deposit account in the UK and countries with a UK banking heritage offering various flexible payment methods to allow customers to distribute money directly to others. Most current accounts have a cheque book, offer the facility to arrange standing orders, direct debits and payment via a debit card. Current accounts may also allow borrowing via an overdraft facility.