The current account consists of the balance of trade, net primary income or factor income (earnings on foreign investments minus payments made to foreign investors) and net cash transfers, that have taken place over a given period of time.
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awl â(plural awls). 1  A pointed instrument for piercing small holes, as in leather or wood; used by shoemakers, saddlers, cabinetmakers, etc.2  The blade is differently shaped and pointed for different uses, as in the brad awl, saddler's awl, shoemaker's awl, etc.wl â(plural awls). 1  A pointed instrument for piercing small holes, as in leather or wood; used by shoemakers, saddlers, cabinetmakers, etc.