Definition, Meaning & Synonyms
account-current
noun
/əˈkaʊnt ˈkʌrənt/
Definition
A type of financial account used for ongoing transactions, typically allowing for deposits and withdrawals.
Examples
- She transferred the funds to her account-current for easy access.
- The business uses an account-current to handle daily expenses and income.
- Funds in an account-current can be withdrawn at any time without penalty.
Meaning
An account-current is designed for frequent transactions and offers flexibility in managing funds, making it suitable for businesses and individuals who require regular access to their money.
Synonyms
- Checking account
- Current account
- Transactional account
