balance_of_payments | ||
1. | [ noun ] (economics) a system of recording all of a country's economic transactions with the rest of the world over a period of one year | |
Synonyms: | balance_of_international_payments | |
Examples: | "a favorable balance of payments exists when more payments are coming in than going out" |
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Related terms: | accounting current_account capital_account | |
Similar spelling: |
balance_of_trade balance_of_power |