ACCOUNT CURRENT, a running account which is likely to extend over an interminable period and which, if balanced, is usually opened again immediately ; e. g., a holding company which markets merchandise may have an account current with a sub sidiary company which manufactures a product. The entire output of the factory may be turned over to the holding company ar.d periodic charges made for merchandise thus transferred. The hold ing company may make advances from time to time to cover values received. Thus the account may not be in balance for a considerable time although an accurate statement of debits and credits will always be available in the account current. Merchants who sell on consignment frequently maintain accounts current with their consignees. An account current differs from the usual trade account in that the latter is usually settled at regular inter vals, monthly, seasonally or otherwise. (G. L. C.)