Refers to the financial position between a country and the rest of the world. There is two accounts. The current account that represents imports and exports of goods and services and the capital accounts, which represents capital invested in other countries and what has been invested in its country.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.