balance of international payments

Noun
  1. A system of recording all of a country's economic transactions with the rest of the world over a period of one year (synset 113431631)
    "a favorable balance of payments exists when more payments are coming in than going out"
    is a type of: accounting - a system that provides quantitative information about finances
    has:
    • capital account - (economics) that part of the balance of payments recording a nation's outflow and inflow of financial securities
    • current account - that part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments
    same as: balance of payments

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