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Balance of payments deficit |
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Balance of payments deficitA negative balance of payments surplus.Similar MatchesBalance of payments argument for protectionBalance of payments argument for protectionA common reason for restricting imports, especially under fixed exchange rates, when a country is losing international reserves due to a trade deficit. It can be argued that this is a second best argument, since a devaluation could solve the problem without distorting the economy and therefore at smaller economic cost. Maintenance paymentsMaintenance paymentsMoney paid by a divorced person to his/her partner to assist with living expenses. From the taxation point of view, maintenance may be enforceable following a court order, or voluntary. Where maintenance is enforceable the recipient will, under certain circumstances, be liable for tax, depending on when the order was made and the amount paid. The person making the payments can claim limited tax relief. For voluntary payments, the recipient is not liable for tax and the person making the payments cannot claim tax relief. Progress paymentsProgress paymentsPeriodic payments to a supplier, contractor, or subcontractor for work as it is completed as desired, in order to reduce working capital requirements. Balance of paymentsBalance of payments1. A list, or accounting, of all of a country's international transactions for a given time period, usually one year. Payments into the country (receipts) are entered as positive numbers, called credits; payments out of the country (payments) are entered as negative numbers called debits. 2. A single number summarizing all of a country's international transactions: the balance of payments surplus. Payments nettingPayments nettingReducing fund transfers between affiliates to only a netted amount. Netting can occur on a bilateral basis (between pairs of affiliates), or on a multi-lateral basis (taking all affiliates together). Further SuggestionsPayments patterntransfer payments Lag response of prepayments European Payments Union Prepayments Balance of payments surplus Clearing House Automated Payments System (CHAPS) Clearing House Interbank Payments System (CHIPS) Periodic payments Installment payments Payments imbalance Balance of payments adjustment mechanism Balance of payments Interest payments Balance of payments equilibrium balance of payments Transfer payments |
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