Jul 22, 2008 05:42
15 yrs ago
English term
Sworn translator, finance expert
Native in: Norwegian 
Works in: English to Norwegian, German to Norwegian, Swedish to Norwegian, and 8 more.
current account overages
English
Bus/Financial
Investment / Securities
The current account overages, the high level of central bank reserves, and the growth of sovereign funds act as "shock absorbers", also mitigating the risk of a full recession.
This section seems to be about USA, so it can hardly be "current account surplus" in the macroeconomic meaning. Maybe "current account" means the same as "cheking account" in American English. (The source text is written in British English).
This section seems to be about USA, so it can hardly be "current account surplus" in the macroeconomic meaning. Maybe "current account" means the same as "cheking account" in American English. (The source text is written in British English).
Responses
+2
11 mins
Jack Doughty
United Kingdom
United Kingdom
Native in English
&
English
United Kingdom
Translator since 1953
Native in: English
Works in: Russian to English, German to English, English
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16
Selected
amounts actually available in current (checking) accounts
You are right, current account in UK English = checking account in US English.
Definitions of overage on the Web:
* is that amount, as in money or goods, that is actually on hand and exceeds the desired or listed amount in records or books. Also known as SURPLUS.
www.ventureline.com/Glossary_O.asp
Definitions of overage on the Web:
* is that amount, as in money or goods, that is actually on hand and exceeds the desired or listed amount in records or books. Also known as SURPLUS.
www.ventureline.com/Glossary_O.asp
4 KudoZ points awarded for this answer.
1 hr
account surplus
I am REALLY not sure about this but - it may be that the term "currebt account overages" means surplus funds currently held in accounts. I think both Bjornar and Jack are right - I have not heard the term "current account" in a US context before, which leads me to think that it means accounts with excess funds in them - but its really just a thought, hence my low level of confidence in the answer.
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