BALANCE OF PAYMENTS

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does balance of payments mean? 

• BALANCE OF PAYMENTS (noun)
  The noun BALANCE OF PAYMENTS has 1 sense:

1. a system of recording all of a country's economic transactions with the rest of the world over a period of one year

  Familiarity information: BALANCE OF PAYMENTS used as a noun is very rare.

 Dictionary entry details 

• BALANCE OF PAYMENTS (noun)

Sense 1

Meaning:

A system of recording all of a country's economic transactions with the rest of the world over a period of one year

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

balance of international payments; balance of payments

Context example:

a favorable balance of payments exists when more payments are coming in than going out

Hypernyms ("balance of payments" is a kind of...):

accounting (a system that provides quantitative information about finances)

Meronyms (parts of "balance of payments"):

capital account ((economics) that part of the balance of payments recording a nation's outflow and inflow of financial securities)

current account (that part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments)