The paper focuses on the results of cognitive research into the language conceptualization of CURRENT/PRESENT. The concept is represented by a cluster of English adjectives – current, operating, present, running – and Russian adjectives – настоящий, текущий. In the paper, we shall consider a complex research procedure based on hypothesis-deduction method, corpus-based experiment and the analysis of search engine results which is often referred to as triangulation. The author provides a cognitive model of a concept to reveal mechanisms responsible for the speaker’s choice of a particular lexical unit.