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balance of payments

the difference between a nation's total payments to foreign countries, including movements of capital and gold, investments, tourist spending, etc., and its total receipts from foreign countries.
Origin of balance of payments
1835-45 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the Web for balance-of-payments
Historical Examples
  • For balance-of-payments reasons, Japan closely controls its receipts and expenditures of foreign exchange.

    East-West Trade Trends Harold E. Stassen
British Dictionary definitions for balance-of-payments

balance of payments

the difference over a given time between total payments to foreign nations, arising from imports of goods and services and transfers abroad of capital, interest, grants, etc, and total receipts from foreign nations, arising from exports of goods and services and transfers from abroad of capital, interest, grants, etc
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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balance-of-payments in Culture

balance of payments definition

The relationship between the payments made by one nation to all other nations and its receipts from all other nations.

Note: A nation whose payments exceed its receipts is said to be running an unfavorable balance of payments, which can affect the value of its currency in foreign countries. (See foreign exchange.)
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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