balance of payments

Definition

An accounting record of all transactions made by a country over a certain time period, comparing the amount of foreign currency taken in to the amount of domestic currency paid out.

Use balance of payments in a sentence

Our balance of payments had to be consulted because it kept a record of all the transactions over a long period of time.

​ Was this Helpful? YES  NO 9 people found this helpful.

The balance of payments provided a keen insight that was useful in understanding the relationship of the foreign exchange market involved countries.

​ Was this Helpful? YES  NO 3 people found this helpful.

At the end of the year, I hope that our country's balance of payments would indicate a healthy flow of foreign currency brought in, rather than our own currency going out at three times the amount of what we're bringing in.

​ Was this Helpful? YES  NO 8 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
official settlements account basic balance