Financial Definition of Balance Of Payments
Meaning of Balance Of Payments
A 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.
Related Entries of Balance Of Payments in the Encyclopedia of Law Project
Browse or run a search for Balance Of Payments in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Balance Of Payments in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Balance Of Payments in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Balance Of Payments in the Legal Abbreviations and Acronyms Dictionary.
What does Balance Of Payments mean in American Law?
The definition of Balance Of Payments in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:
An important term in the economics of international trade, referring to the difference between all payments made from a country into all other countries, and all of their payments flowing back. If outflow exceeds inflow, a country has a “negative balance of payments”; if inflow exceeds outflow, the balance is “positive.” The economic effect of a negative or positive balance is complex and not thoroughly understood, though it is generally thought “a bad thing” to have a large persistent positive or (especially) negative balance. If capital transactions, payments for services, and gold shipments are excluded from the calculation, it is called the “balance of trade.”
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|---|---|
| Balance Of Payments in the Dictionary | Balance Of Payments in our legal dictionaries |
| Related topics | Browse topics from the World Wiki Encyclopedia of Law |
| Browse the Legal Thesaurus | Find synonyms and related words of Balance Of Payments |
| Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
| Legal Answers (Q&A) | A community-driven knowledge creation process, of enduring value to a broad audience |
| Related topics | Balance Of Payments in the World Encyclopedia of Law |
What is Balance Of Payments?
Vocabularies (Semantic Web Information)
| Resource | Description |
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| Topic Map | A group of names, occurrences and associations |
| Topic Tree | A topic display format, showing the hierarchy |
| Sitemap Index | Sitemap Index, including Taxonomies |
| https://legaldictionary.lawin.org/balance-of-payments | The URI of Balance Of Payments (more about URIs) |
Notion of Balance of Payments
The meaning of Balance of Payments may be as follows: net flow of goods, services and financial transactions that takes into account outflows and inflows of money from a state
Resources
Legal English Vocabulary: Balance of Payments in Spanish
Online translation of the English legal term balance of payments into Spanish: balanza de pagos (English to Spanish translation) . More about legal dictionary from english to spanish online.
Related to the Legal Thesaurus
What is the meaning of Balance of Payments?
A definition of Balance of Payments is provided here: The difference between money coming into a country (from exports) and money leaving the country (for imports) plus money flows from other factors such as tourism, foreign aid, investments, interest, and dividend payments.
Balance of payments in Global Commerce Policy
In this regard, balance of payments is: BOP. The entries on trade policy are here. A statistical summary of a country’s total trade, other economic transactions and financial flows at a given time. The BOP is made up of current account (current transactions), capital account (capital transactions) and a balancing item to even out difficulties in recording international transactions. The current and capital account components of the BOP may each either be in surplus or deficit, but the BOP itself must always be in balance. The current account is the component of the BOP showing trade in goods and services, income and unrequited transfers (e.g. foreign aid payments, workers remittances, etc.) over a specified period. The capital account records currency inflows and outflows due to international dealings in financial assets, such as investments and loans.[1]
Balance of paymentsin the wold Encyclopedia
For an introductory overview on international trade policy, see this entry.
Resources
Notes and References
- Dictionary of Trade Policy, “Balance of payments” entry (OAS)
See Also
Understanding on the Balance-of-Payments Provisions of the GATT in Global Commerce Policy
In this regard, understanding on the balance-of-payments provisions of the gatt is: one of the Uruguay Round outcomes. The entries on trade policy are here. Its purpose is to clarify the rules on the imposition of measures available to WTO members under GATT Articles XII and XVIII:B to improve their balance-of-payments conditions. The entries on trade policy are here. In particular, it seeks to achieve greater transparency through an improved system of notifications and consultations.[1]
Understanding on the Balance-of-Payments Provisions of the GATTin the wold Encyclopedia
For an introductory overview on international trade policy, see this entry.
Resources
Notes and References
- Dictionary of Trade Policy, “Understanding on the Balance-of-Payments Provisions of the GATT” entry (OAS)
See Also
Resources
See Also
- Public Finance
- Public Policy
- Tax Law
- Financial Regulation
Hierarchical Display of Balance of payments
Finance > Monetary relations
Finance > Monetary economics > Monetary policy > Currency adjustment
Finance > Monetary relations > International finance > External debt
Finance > Monetary relations > International finance > International payment
Finance > Free movement of capital > Free movement of capital > Capital movement
European Union > EU finance > EU financing > EU financial instrument > Support mechanism
International Relations > International affairs > International agreement > Protective clause
European Union > EU finance > EU financing > EU financial instrument > Support mechanism > Balance of payments assistance
Trade > Trade policy > Export policy > Export financing > Compensatory financing
Trade > Trade policy > Trade policy > Regulation of transactions
Meaning of Balance of payments
Overview and more information about Balance of payments
For a more comprehensive understanding of Balance of payments, see in the general part of the online platform.[rtbs name=”xxx-xxx”]
Resources
Translation of Balance of payments
- Spanish: Balanza de pagos
- French: Balance des paiements
- German: Zahlungsbilanz
- Italian: Bilancia dei pagamenti
- Portuguese: Balança de pagamentos
- Polish: Bilans płatniczy
Thesaurus of Balance of payments
Finance > Monetary relations > Balance of payments
Finance > Monetary economics > Monetary policy > Currency adjustment > Balance of payments
Finance > Monetary relations > International finance > External debt > Balance of payments
Finance > Monetary relations > International finance > International payment > Balance of payments
Finance > Free movement of capital > Free movement of capital > Capital movement > Balance of payments
European Union > EU finance > EU financing > EU financial instrument > Support mechanism > Balance of payments
International Relations > International affairs > International agreement > Protective clause > Balance of payments
European Union > EU finance > EU financing > EU financial instrument > Support mechanism > Balance of payments assistance > Balance of payments
Trade > Trade policy > Export policy > Export financing > Compensatory financing > Balance of payments
Trade > Trade policy > Trade policy > Regulation of transactions > Balance of payments
See also
- Currency adjustment
- External debt
- International payment
- Capital movement
- Export of capital
- Venture capital
- Speculative capital
- Investment transaction
- Capital transfer
- Foreign capital
- Repatriation of capital
- Recycling of capital
- Outflow of capital
- Trading volume
- Support mechanism
- Protective clause
- Balance of payments assistance
- Compensatory financing
- Regulation of transactions
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