noun
a system of recording all of a country's economic transactions with the rest of the world over a period of one year (Freq. 1)
-
a favorable balance of payments exists when more payments are coming in than going out
• Syn: ↑balance of payments
• Hypernyms: ↑accounting
• Part Meronyms: ↑capital account, ↑current account
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Useful english dictionary. 2012.