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Balance of payments |
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Balance 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.Balance of paymentsA statistical compilation formulated by a sovereign nation of all economic transactions between residents of that nation and residents of all other nations during a stipulated period of time, usually a calendar year.Balance of paymentsA country's financial position, with other countries of the world, which is made up of its current account and capital account (or capital movement) over a given period of time.The current account covers the balance of imports and exports.The capital account covers the difference between the capital which the country has invested in other countries, and the capital invested by other countries in it.Similar MatchesEuropean Payments UnionEuropean Payments UnionAn international arrangement for settling payments among member countries in Europe during a period in which many of the countries' currencies were not convertible. The EPU functioned from 1950 to 1958, after which it was replaced by the EMA. Payments patternPayments patternDescribes the collection pattern of receivables. The pattern might describe the probability that a 72-day-old account will still be unpaid when it is 73 days-old. Installment paymentsInstallment paymentsDistribution of plan assets to beneficiaries based upon a regular schedule. 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. PrepaymentsPrepaymentsPayments made in excess of scheduled mortgage principal repayments. Further SuggestionsTransfer paymentsBalance of payments adjustment mechanism Clearing House Automated Payments System (CHAPS) Clearing House Interbank Payments System (CHIPS) Balance of payments equilibrium Payments netting Balance of payments argument for protection Payments imbalance Balance of payments deficit transfer payments Lag response of prepayments Interest payments Balance of payments surplus Periodic payments maintenance payments |
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