Definitions for balance of payments
bal·ance of pay·ments

Princeton's WordNetRate this definition:0.0 / 0 votes

1. balance of payments, balance of international paymentsnoun

   a system of recording all of a country's economic transactions with the rest of the world over a period of one year

   "a favorable balance of payments exists when more payments are coming in than going out"

WiktionaryRate this definition:0.0 / 0 votes

1. balance of paymentsnoun

   A measure of all flows of money into and out of a country including payments for goods and services and capital flows.

2. balance of paymentsnoun

   The systematic record of such transactions.

ChatGPTRate this definition:0.0 / 0 votes

1. balance of payments

   The balance of payments is a financial statement that summarizes all economic transactions between the residents of a country and the rest of the world over a specific period. These transactions include payments for the country's exports and imports of goods, services, financial capital, as well as financial transfers. The balance of payments includes the current account, capital account, and financial account, and it helps to track how much money is coming in and how much money is going out of the country.

WikidataRate this definition:0.0 / 0 votes

1. Balance of payments

   Balance of payments accounts are an accounting record of all monetary transactions between a country and the rest of the world. These transactions include payments for the country's exports and imports of goods, services, financial capital, and financial transfers. The BoP accounts summarize international transactions for a specific period, usually a year, and are prepared in a single currency, typically the domestic currency for the country concerned. Sources of funds for a nation, such as exports or the receipts of loans and investments, are recorded as positive or surplus items. Uses of funds, such as for imports or to invest in foreign countries, are recorded as negative or deficit items. When all components of the BOP accounts are included they must sum to zero with no overall surplus or deficit. For example, if a country is importing more than it exports, its trade balance will be in deficit, but the shortfall will have to be counterbalanced in other ways – such as by funds earned from its foreign investments, by running down central bank reserves or by receiving loans from other countries. While the overall BOP accounts will always balance when all types of payments are included, imbalances are possible on individual elements of the BOP, such as the current account, the capital account excluding the central bank's reserve account, or the sum of the two. Imbalances in the latter sum can result in surplus countries accumulating wealth, while deficit nations become increasingly indebted. The term "balance of payments" often refers to this sum: a country's balance of payments is said to be in surplus by a certain amount if sources of funds exceed uses of funds by that amount. There is said to be a balance of payments deficit if the former are less than the latter.

Matched Categories

1. • Accounting

How to pronounce balance of payments?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say balance of payments in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of balance of payments in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of balance of payments in Pythagorean Numerology is: 1

Examples of balance of payments in a Sentence

1. James Reeve:

   Markets believe there is an increasing chance of the dollar peg being broken in the medium term, given low oil prices and potential strains on the balance of payments, we don't believe that the peg will be broken.

2. Siobhan Morden:

   You have to pay back the China swap line (in 12 months time). It is a temporary fix to end the term, but it places a huge burden on the incoming administration to pay back the swap line and reverse the balance of payments deficit.

3. Richard Feinberg:

   A comprehensive deal would go a long way toward normalizing Cuba's international financial relations and gaining access to official trade credits, however, a deal with the Paris Club will not get Cuba a good international credit rating. That can only come from more robust export earnings and a healthier sustainable balance of payments.

4. Finance Minister Natalia Yaresko:

   It would be nonsense to make that payment, then talk to credtors..It doesn't fit in psychologically, doesn't fit in with my balance of payments problem to pay that(bond) in full.

5. Economy Minister Alexei Ulyukayev:

   The impact on Russia's finances, capital flows, and the balance of payments from the changes in the Chinese financial market, has been minimal.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=balance of payments
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Balance_of_Payments
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=balance of payments