the difference between a nation’s total payments to foreign countries, including movements of capital and gold, investments, tourist spending, etc., and its total receipts from foreign countries.
the difference over a given time between total payments to foreign nations, arising from imports of goods and services and transfers abroad of capital, interest, grants, etc, and total receipts from foreign nations, arising from exports of goods and services and transfers from abroad of capital, interest, grants, etc
The relationship between the payments made by one nation to all other nations and its receipts from all other nations.
Note: A nation whose payments exceed its receipts is said to be running an unfavorable balance of payments, which can affect the value of its currency in foreign countries. (See foreign exchange.)
- Balance of trade
the difference between the values of exports and imports of a country, said to be favorable or unfavorable as exports are greater or less than imports. noun (economics) the difference in value between total exports and total imports of goods Also called visible balance Compare invisible balance That part of the balance of payments relating […]
- Balance pipe
noun (engineering) a pipe between two points used to equalize pressure
- Balance shaft
a special shaft with eccentrically mounted weights used in an internal-combustion engine to reduce vibrations.
- Balance sheet
a tabular statement of both sides of a set of accounts in which the debit and credit balances add up as equal. a statement of the financial position of a business on a specified date. Contemporary Examples Brown-Forman, according to its most recent quarterly filings with the SEC, has $361.5 million in cash on its […]