- Dictionary
- 51Թ comparison: current account vs. capital account
current account vs. capital account
noun
Also called open account.an account of credits, debits, receipts, and expenditures between two individuals or companies, usually providing for settlement at the end of specified accounting periods.
(in certain foreign countries) a checking account.
noun
a business account stating the owner's or shareholder's interest in the assets.
Accounting.capital accounts, accounts showing the net worth in a business enterprise.