BALANCE OF PAYMENTS / BALANCE OF TRADE Definition

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BALANCE OF PAYMENTS / BALANCE OF TRADE is the difference between a countrys total export dollar value and its total import dollar value, generally or with respect to a particular trading partner. A positive balance means a net inflow of capital, while a negative means capital flows out of the country.

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PESO ORO is a currency of Colombia, and the Dominican Republic.

UNBILLED REVENUE is revenue which had been recognized but which had not been billed to the purchaser(s).

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