Meaning of “balance of payments” in the English Dictionary

british dictionary

(Definition of “balance of payments” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"balance of payments" in American English

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balance of paymentsnoun [ C usually sing ]

us /ˈbæl·əns əv ˈpeɪ·mənts/ also balance of trade, us /ˈbæl·əns əv ˈtreɪd/

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” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"balance of payments" in Business English

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balance of paymentsnoun [ singular ]

uk us

ECONOMICS the difference between the amount of money a country receives from exports, foreign trade, etc. and the amount it spends on imports, etc. from other countries:

A healthy balance of payments and huge foreign-exchange reserves will allow most Asian countries to finance expensive oil imports for a long time.

(Definition of “balance of payments” from the Cambridge Business English Dictionary © Cambridge University Press)