What is the meaning of balance of international payments?

noun

  • A system of recording all of a country's economic transactions with the rest of the world over a period of one year.
    • usage: "a favorable balance of payments exists when more payments are coming in than going out"
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). balance of international payments. Retrieved September 28, 2026, from http://smartdefine.org/balance_of_international_payments/definitions/1259011
ChicagoWordNet. 2010. "balance of international payments" http://smartdefine.org/balance_of_international_payments/definitions/1259011 (accessed September 28, 2026).
HarvardWordNet 2010, balance of international payments, Smart Define, viewed 28 September, 2026, <http://smartdefine.org/balance_of_international_payments/definitions/1259011>.
MLAWordNet. "balance of international payments" 23 October 2010. Web. 28 September 2026. <http://smartdefine.org/balance_of_international_payments/definitions/1259011>