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Payments pattern |
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Payments 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.Payments pattern 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. Balance of payments surplusBalance of payments surplusA number summarizing the state of a country's international transactions, usually equal to the balance on current account plus the balance on capital account. This equals zero* and is uninformative under the modern definition of the latter, but with official reserve transactions excluded, or omitting also other volatile short-term capital-account transactions, it indicates the stress on a regime of pegged exchange rates. Payments imbalancePayments imbalanceImbalance in the balance of payments, normally including both current and capital accounts. Clearing House Interbank Payments System (CHIPS)Clearing House Interbank Payments System (CHIPS)An international wire transfer system for high-value payments operated by a group of major banks. Balance of payments adjustment mechanismBalance of payments adjustment mechanismAny process, especially any automatic one, by which a country with a payments imbalance moves toward balance of payments equilibrium. Under the gold standard, this was the specie flow mechanism. Further SuggestionsEuropean Payments UnionLag response of prepayments Balance of payments equilibrium Prepayments Payments netting transfer payments Balance of payments Transfer payments Balance of payments Periodic payments Progress payments Interest payments Clearing House Automated Payments System (CHAPS) balance of payments maintenance payments Balance of payments deficit Installment payments |
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