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TeachMeFinance.com - explain Account current historic definition... Account current -- (or current account) Same as open or running or
continuing account; an account that continues and in
which a settlement is made at intervals, as every 30 days, 60
days or twelve months. In Great Britain a current account (also called drawing account) in a bank is one which may be added to by deposits and
rtrawn against at will at any time. On the other hand a
deposit account is one in which money deposited remains by
agreement for a specified time and draws interest at a specified
rate.
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