balance-payments

balance of payments

noun
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:
1835–45

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World English Dictionary
balance of payments
 
n
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 10th Edition
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American Heritage
Cultural Dictionary

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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