Current account or account current. 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 drawn 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.