Balance-of-payments definitions

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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A country’s international transactions over a specific time period, usually a quarter or a year. It tabulates the inflows and outflows of goods, services, and investment flows for a country. Balance of payment includes 1) a current account, which primarily measures the flow of goods and services and earnings on investments; 2) a capital account, which measures capital transfers, the transfer of fixed assets, and inheritance taxes; and 3) a financial account, which records transfer of financial capital and non-financial capital such as U.S.-owned assets abroad, foreign-owned assets in the United States, and the purchase and sale of non-produced assets such as patents, trademarks, copyrights, franchises, and leases.
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A measure of all flows of money into and out of a country including payments for goods and services and capital flows.
noun
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The systematic record of such transactions.
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