Definition of balance of payments noun from the Oxford Advanced Learner's Dictionary


balance of payments

BrE BrE//ˌbæləns əv ˈpeɪmənts//
; NAmE NAmE//ˌbæləns əv ˈpeɪmənts//
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the difference between the amount a country pays for imports and the amount it receives for exports in a particular period of time
See the Oxford Advanced American Dictionary entry: balance of payments