balance of trade
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balance of trade
noun
the difference between the values of exports and imports of a country, said to be favorable or unfavorable as exports are greater or less than imports.
Origin:
1660–70
1660–70
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Based on the Random House Dictionary, © Random House, Inc. 2013.
Cite This Source
|
Link To balance of trade
Collins
World English Dictionary
| balance of trade | |
| —n | |
| economics Compare invisible balance Also called: visible balance the difference in value between total exports and total imports of goods | |
Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
00:10
Balance of trade
is always a great word to know.
So is slumgullion. Does it mean:
| a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison. |
| a stew of meat, vegetables, potatoes, etc. |
American Heritage
Cultural Dictionary
balance of trade definition
That part of the balance of payments relating to goods only (as opposed to services, monetary movements, official reserve transactions, etc.).
Note: A nation whose imports are worth more than its exports is said to have an unfavorable balance of trade, or to be running a trade deficit.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Example sentences
But mathematically all nations cannot have a positive balance of trade.
Preservation or enhancement of job opportunities and improvements in balance of trade are two prominent examples.
US has been buying supplies for military and foreign aid abroad to help countries with unfavorable balance of trade.
We are racking up record monthly balance of trade deficits.
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