balance of payments

Variant of balance of (international) payments

balance of (international) payments definition

balance of (international) payments

a balance estimated for a given time period showing an excess or deficit in total payments of all kinds between one country and another country or other countries, including exports and imports, grants, debt payments, etc.

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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