| Library / English Dictionary |
BALANCE OF PAYMENTS
| Pronunciation (US): |  | (GB): | |
I. (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
Example:
a favorable balance of payments exists when more payments are coming in than going out
Synonyms:
balance of international payments; balance of payments
Classified under:
Nouns denoting possession and transfer of possession
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)
