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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Time Traveler

The first known use of balance of payments was in 1770

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Cite this Entry

“Balance of payments.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/balance%20of%20payments. Accessed 24 Jan. 2021.

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More Definitions for balance of payments

balance of payments

noun

English Language Learners Definition of balance of payments

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

More from Merriam-Webster on balance of payments

Britannica.com: Encyclopedia article about balance of payments

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