English dictionary
balance of payments meaning and definition
Definition and meaning of balance of payments at MeaningMonkey.org. balance of payments meaning and definition in the English Dictionary.BALANCE OF PAYMENTS noun
Definition 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
- "a favorable balance of payments exists when more payments are coming in than going out"
- synonyms: balance of international payments
Source: Princeton University Wordnet