Library / English Dictionary

    BALANCE OF INTERNATIONAL PAYMENTS

    Pronunciation (US): Play  (GB): Play

     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 yearplay

    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 international payments" is a kind of...):

    accounting (a system that provides quantitative information about finances)

    Meronyms (parts of "balance of international 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)

    Credits


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