balance of payments

noun phrase

Definition of balance of payments

: a summary of the international transactions of a country or region over a period of time including commodity and service transactions, capital transactions, and gold movements

First Known Use of balance of payments

1770, in the meaning defined above

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The first known use of balance of payments was in 1770

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Cite this Entry

“Balance of payments.” Dictionary, Merriam-Webster, Accessed 24 Jan. 2021.

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balance of payments


English Language Learners Definition of balance of payments

: the difference between the amount of money that a country spends and the amount it earns

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