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current account

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current account

Economics that part of the balance of payments composed of the balance of trade and the invisible balance
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

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.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
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References in periodicals archive
Some electronic payment products have the potential to attract unbanked consumers by addressing the issues they have with traditional checking accounts. Among such products, general purpose reloadable (GPR) prepaid cards may be able to address the issues more effectively than alternative checking accounts offered by depository institutions or transaction accounts offered by nondepository institutions.
banks all offered free checking with no strings attached until 2009, when the share of all noninterest checking accounts that were free peaked at 76 percent, according to Bankrate.
* Keep track of your balance: Faithfully entering your expenses in a budgeting program also keeps you up-to-date so that you always know how much is in your checking account.
The Preferred Rupee Checking Account will be an account domiciled in India and denominated in Rupees under the aegis of Reserve Bank of India.
Furthermore, the court found that the Camrock checking account was in essence the taxpayers' personal account.
She called First Union National Bank and told them not to let the thieves open a checking account. Then she contacted all three of the national credit reporting agencies and had a fraud alert put on her record to prevent the thieves from obtaining credit elsewhere.
Besides the credit card numbers, the thieves obtained driver's license numbers and checking account numbers from 96,000 transactions involving checks, the company said.
Entango Transactions Services has introduced e-Checks, a service that allows donors a vehicle to donate via their checking account. For some donors a monthly donation to their favorite charity is still best paid via their checking account, e-Checks allows donors the ability to use their checking accounts and save their charity and themselves postage.
The taxpayer moved to Nevada, but maintained and continued to use a prior California residence; continued to claim homestead exemption on that residence; obtained medical care from California providers; used a California checking account for 166 transactions with California merchants, including department stores, dentists and drug stores, but only used a Nevada checking account for 17 transactions.
* Have a checking account/don't have a checking account
Indeed, when investing in sustainable development is as simple as depositing money into an interest-bearing savings or checking account, what excuse do any of us have for not putting our money where are mouths are?
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