Etymology: CHECK(3)
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noun, pl ⋯ -counts [count]
US : a bank account from which you can take money by writing checks — called also (Brit) current account
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ˈchecking account [checking account checking accounts] (US) (BrE ˈcurrent account) (CanE ˈchequing account) noun
a type of bank account that you can take money out of at any time, and that provides you with a ↑chequebook and ↑cash card
Word Origin:
Useful english dictionary. 2012.