Meaning of the word "balance of payments" in English
What does "balance of payments" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
balance of payments
US /ˈbæl.əns əv ˈpeɪ.mənts/
UK /ˈbæl.əns əv ˈpeɪ.mənts/
Noun
1.
the difference between the amount of money that a country pays to other countries and the amount that it receives from them
Example:
•
The country is trying to improve its balance of payments by increasing exports.
•
A persistent deficit in the balance of payments can lead to economic instability.
Learn This Word at Lingoland