balance of payments
/ˈbæl·əns əv ˈpeɪ·mənts/ n [C usually sing] (also balance of trade, /ˈbæl·əns əv ˈtreɪd/)Definition
› the difference between income from exports (= goods and services sold to other countries) and the cost of imports (= goods and services bought from other countries)
(Definition of balance of payments n from the Cambridge Academic Content Dictionary
© Cambridge University Press)
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