Other Definitions
balance of payments (enc)
Balance Of Payments
Noun
1.
balance of payments
- a system of recording all of a country's economic transactions with the rest of the world over a period of one year; "a favorable balance of payments exists when more payments are coming in than going out"
balance of international payments
accounting
- a system that provides quantitative information about finances
capital account
- (economics) that part of the balance of payments recording a nation's outflow and inflow of financial securities
current account
- that part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments
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