What is the meaning of balance of 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"
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APAWordNet. (2010). balance of payments. Retrieved September 20, 2026, from http://smartdefine.org/balance_of_payments/definitions/1243145
ChicagoWordNet. 2010. "balance of payments" http://smartdefine.org/balance_of_payments/definitions/1243145 (accessed September 20, 2026).
HarvardWordNet 2010, balance of payments, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/balance_of_payments/definitions/1243145>.
MLAWordNet. "balance of payments" 23 October 2010. Web. 20 September 2026. <http://smartdefine.org/balance_of_payments/definitions/1243145>
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