"Account deficit" refers to a situation where a country spends more money on imports than it earns from exporting goods and services. This results in a negative balance in the country's trade or current account. Full definition
On making a loss, the trader is actually buying more of the foreign currency that leads to an increase in the current account deficit of the country. (adigitalblogger.com)
The fact that the capital account deficit has grown to overwhelm the current account surplus does not tell us whether or not the net imbalance is driven by fundamentals. (carnegieendowment.org)
Big declines in many emerging market currencies have helped narrow current account deficits in the emerging world, making countries more resilient to bouts of dollar strength. (blackrockblog.com)