balance of trade

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
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Balance of trade is always a great word to know.
So is bezoar. 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 printed punctuation mark (‽), available only in some typefaces, designed to combine the question mark (?) and the exclamation point (!), indicating a mixture of query and interjection, as after a rhetorical question.
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
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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.
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