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Current Account
(redirected from Current account surplus)

   Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Wikipedia 0.01 sec.
current account
Economics that part of the balance of payments composed of the balance of trade and the invisible balance

Current Account 

a type of deposit operation in banks and savings banks. Deposits in current accounts are not time deposits; that is, the account holder can make deposits and withdrawals at any time. In the capitalist countries, current accounts for the most part hold the temporarily free capital and cash reserves of the capitalists. In the USSR, current accounts in banks may be opened by noneconomic institutions and enterprises, kolkhozes, and public organizations; current accounts in savings banks may also be opened by individuals.



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Summary: Japan's Current Account surplus narrowed for the third consecutive month, printing at 1171.
Korea posts 2nd largest current account surplus ever in June SEOUL - South Korea posted the second-largest current account surplus ever in June as exports of steel and electronics products picked up, the central bank said Wednesday.
South Korea, Asia's fourth largest economy, posted a record current account surplus of just under 22 billion dollars in the year's first half, data showed Wednesday.
 
 
 
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