balance of payments

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.

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balance of payments

Noun

the difference in value between a nation's total payments to foreign countries and its total receipts from foreign countries

Thesaurus

Noun

1.

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" balance of international payments 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