balance of payments
(redirected from Balance of Payment)Also found in: Thesaurus, Financial, Encyclopedia.
Related to Balance of Payment: balance of trade, current 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:
Switch to new 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" 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