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(ECONOMICS) the annual increase in financial claims owed to the people of particular country, MINUS any increase of claims that same people owe abroad. The net annual increase in assets resulting from commerce with the rest of the world.
COMPONENTS
There are three components of current accounts:
(1) trade balance (surplus or deficit)
(2) foreign factor income (income minus outgo)
(3) net foreign aid
Usually the largest component of a current account surplus is the trade surplus, although in 1990 the USA actually had a quarterly current account surplus caused by massive "foreign aid" (actually, payments to defray the cost of waging the first Gulf War.
COMPONENTS
There are three components of current accounts:
(1) trade balance (surplus or deficit)
(2) foreign factor income (income minus outgo)
(3) net foreign aid
Usually the largest component of a current account surplus is the trade surplus, although in 1990 the USA actually had a quarterly current account surplus caused by massive "foreign aid" (actually, payments to defray the cost of waging the first Gulf War.
The South Korean won was lower late Tuesday as investor appetite for risk{y} assets was damped by broad-based losses in regional stock markets, led by a sharp fall in Chinese shares.
The local currency largely brushed off news that the country's current account surplus rose in May to a six-month high of $3.83 billion.
Traders said any positive impact from the current account data was offset by data showing the capital account balance... posted a net outflow of $11.96 billion in May, compared with a $8.56 billion inflow in April.
The local currency largely brushed off news that the country's current account surplus rose in May to a six-month high of $3.83 billion.
Traders said any positive impact from the current account data was offset by data showing the capital account balance... posted a net outflow of $11.96 billion in May, compared with a $8.56 billion inflow in April.
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Get the Accountant mug.Having a Account with someone (Checking/Savings) and you put money in every week, then at the end or beginning of the month when its time to pay bills all the money is spent. Which you clearly did not touch.
Ghost account
Ghost account
Man: I put $135 dollars in that account every week.
Women: Ya well I dont see any cash in my hand so I guess you didn't put any money in did you.
Man: I have all the deposit slips right here.
Women: Don't be puttin those papers in my face.
Based off a true story. my Ghost account
Women: Ya well I dont see any cash in my hand so I guess you didn't put any money in did you.
Man: I have all the deposit slips right here.
Women: Don't be puttin those papers in my face.
Based off a true story. my Ghost account
by Iria bubblegum popper October 9, 2012
Get the Ghost Account mug.A creative way of telling the client that he/she has less money than they originally thought, though we will still spend like it's 1999 all over again.
Also, never let the number get in the way of a good story.
Also, never let the number get in the way of a good story.
by Account Guy August 27, 2003
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