balance of payments deficit

Definition

noun
a situation in which a country imports more than it exports

Use this term in a sentence

You should try to make sure that you can handle any balance of payments deficit that you may take on.

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The balance of payments deficit was a scary thing and we all had to look out for it or something bad would happen to us.

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Over the past century American companies has moved many of its manufacturing activities overseas thereby exacerbating the balance of payments deficit.

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balance of payments balance of payments surplus