current account surplus
(ECONOMICS) the annual increase in financial claims owed to the people of particular country, MINUS any increase of claims that same people owe abroad. The net annual increase in assets resulting from commerce with the rest of the world. COMPONENTS There are three components of current accounts: (1) trade balance (surplus or deficit) (2) foreign factor income (income minus outgo) (3) net foreign aid Usually the largest component of a current account surplus is the trade surplus, although in 1990 the USA actually had a quarterly current account surplus caused by massive "foreign aid" (actually, payments to defray the cost of waging the first Gulf War.
The Urban Dictionary Mug
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