In plain English
It means the password the account already uses right now. “Current” distinguishes the one that still works from one that was used before or one chosen to replace it.
In context
Here, it labels the field for the password that is already valid for the account.
- Situation
- Setting passwords, multifactor authentication, recovery codes, and trusted devices
- What it communicates
- labels the field for the existing password in the password-change form
Meaning limits
The term itself identifies only the password already valid at that time, not whether any particular entry matches it.
Examples
“Dana's current password for the account was different from the one she used last winter.”
“The change form requested the current password in one box and a replacement in another.”