CURRENT ACCOUNT Definition

Bookmark and Share

CURRENT ACCOUNT in a national economy it is a category in the balance of payments account that includes all transactions that either contribute to national income or involve the spending of national income.

Learn new Accounting Terms

MR see MEMORANDUM FOR RECORD.

STATUTORY LIQUIDITY RATIO (SLR) is a ratio which every banking company shall maintain in the form of cash, gold or unencumbered approved securities, an amount which shall not, at the close of business on any day be less than such percentage of the total of its demand and time liabilities as the Reserve Bank may specify from time to time.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.