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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

balance of payments  

Definition 1.

An accounting record of all transactions made by a country over a certain time period, comparing the amount of foreign currency taken in to the amount of domestic currency paid out.
 

Definition 2.

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.
 
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