BALANCE OF PAYMENTS / BALANCE OF TRADE Definition

Bookmark and Share

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.

Learn new Accounting Terms

EFFICIENCY is the ratio of the output to the input of any system.

FIXED ASSET is a long-term tangible asset that is not expected to be converted into cash in the current or upcoming fiscal year, e.g., buildings, real estate, production equipment, and furniture. Sometimes called PLANT.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.