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WordReference Random House Unabridged Dictionary of American English © 2024bal′ance of pay′ments, - Business, Governmentthe difference between a nation's total payments to foreign countries, including movements of capital and gold, investments, tourist spending, etc., and its total receipts from foreign countries.
Collins Concise English Dictionary © HarperCollins Publishers:: balance of payments n - the difference over a given time between total payments to foreign nations, arising from imports of goods and services and transfers abroad of capital, interest, grants, etc, and total receipts from foreign nations, arising from exports of goods and services and transfers from abroad of capital, interest, grants, etc
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