balance-payments

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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

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Link To balance-payments

Collins

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
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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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.)

Matching Quote

"Sometimes in our relationship to another human being the proper balance of friendship is restored when we put a few grains of impropriety onto our own side of the scale."

-Friedrich Nietzsche

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