Share this entry

Share this page

balance of payments

Definition of balance of payments in English:

The difference in total value between payments into and out of a country over a period.
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:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day Sprachgefühl
Pronunciation: ˈʃprɑːxɡəˌfuːl
noun
intuitive understanding of a language’s natural idiom…