Definition of balance of payments in English:

balance of payments

The difference in total value between payments into and out of a country over a period.
More example sentences
  • The balance of payments only records the value of given goods bought and sold by an individual or a group of individuals.
  • The result was a deficit in the so-called balance of payments, which was paid for by foreigners cashing in those dollars for gold.
  • The idea of calculating the so-called national balance of payments in a free market economy will be absurd.
See parent entry: balance

Definition of balance of payments in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day humoresque
Pronunciation: ˌhjuːməˈrɛsk
noun
a short, lively piece of music