balance of payments

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Related to Financial account: current account, capital account

balance of payments

n.
A systematic record of a nation's total payments to foreign countries, including the price of imports and the outflow of capital and gold, along with the total receipts from abroad, including the price of exports and the inflow of capital and gold.

balance of payments

n
(Economics) 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

bal′ance of pay′ments


n.
the difference between a nation's payments to foreign countries and its receipts from foreign countries.

balance of payments

A country’s balance of payments is the difference between the amount it receives for its exports and the amount it pays to other countries for its imports. The balance of payments is divided into: visible items, which are goods, e.g. cars, coffee, oil; and invisible items which are services, e.g. banking, insurance, shipping.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.balance of payments - a system of recording all of a country's economic transactions with the rest of the world over a period of one year; "a favorable balance of payments exists when more payments are coming in than going out"
accounting - a system that provides quantitative information about finances
capital account - (economics) that part of the balance of payments recording a nation's outflow and inflow of financial securities
current account - that part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments
Translations
References in periodicals archive ?
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recorded in the current, capital, and financial accounts.
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taxpayers who own a foreign bank account, brokerage account, mutual fund, unit trust or other financial account are required to file a Form TD F 90-22.
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In recent testimony by Treasury Department officials, it was made clear that addressing the lack of disclosure of foreign financial accounts has become a priority.
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