Top definition
(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.
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.
by Abu Yahya June 29, 2010
Get the mug
Get a current account surplus mug for your fish Jovana.
Jan 18 Word of the Day
1. Blue Monday is the most depressing day of the year, calculated by Dr. Cliff Arnall, a researcher at the University of Cardiff's Center for Lifelong Learning.
Factors used to calculate the date included weather conditions, debt level, time since Christmas, time since failing our New Year's resolutions, low motivation and feeling the need to take action.

In 2005 the date was calculated as January 24th, in 2006 it was January 23rd, and in 2007 it was January 22nd.

2. A song by the hard rock band Orgy from their album Candy Ass.
1. Guy: "Aw man, I feel like absolute shit today."
Friend: "Yeah, same here. I hate Blue Monday."

2. "I wish I could sing Blue Monday to my ex-girlfriend, she's such a bitch."
by L_Roku August 31, 2007
Get the mug
Get a Blue Monday mug for your cousin James.