current account (redirected fromCurrent account deficit) Thesaurus Legal Financial Acronyms Encyclopedia Related to Current account deficit:Capital account deficit,Fiscal Deficit current account n. The component of a nation's balance of payments that includes the price of imports and exports, investment ...
b.(as modifier):a current-account deficit. Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014 current account The part of the balance of payments composed of the balance of trade ...
if a country imports $3 billion in goods but only exports $2 billion worth, it has a trade deficit of $1 billion for that year. In effect, more money is leaving the country than is coming in, which can cause a drop in the value of its currency as well as ...
The meaning of DEFICIENCY is the quality or state of being defective or of lacking some necessary quality or element : the quality or state of being deficient : inadequacy. How to use deficiency in a sentence.
The current account records a nation's transactions with the rest of the world—specifically its net trade in goods and services, its net earnings on cross-border investments, and its net transfer payments—over a defined period, such as a year or a quarter. Thecurrent account deficitof the...
Services: When you spend more than what’s in your personal checking account, you’re subject to overdraft fees. If you were already short on cash, this creates a vicious circle of being charged for having a current account deficit. Overdrafts and maintenance fees impact your account balance ...
Browse by Lessons Australia's Balance of Payments Trade Surplus Definition, Effects & Example Trade Deficit: Definition, Benefits & Effects Economic Power Definition, Sources & Ranking Create an account to start this course today Used by over 30 million students worldwide Create an account Explore...
Account Stated Wikipedia An amount that accurately states money due to a creditor; a debt arising out of transactions between a debtor and creditor that has been reduced to a balance due for the items of account. A creditor agrees to accept and a debtor agrees that a specific sum is a tru...
The meaning of DEFICIENCY is the quality or state of being defective or of lacking some necessary quality or element : the quality or state of being deficient : inadequacy. How to use deficiency in a sentence.
1. Trade:Trade in goods and services is the largest component of the current account. Atrade deficitalone can be enough to create a current account deficit.3A deficit in goods and services is often large enough to offset any surplus in net income, direct transfers, and asset income. ...