Balance of payments (BOP) - Financial definition
Financial acronyms
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Concise definition of the term balance of payments
A country's balance of payments is the record of all transactions its residents (individuals, companies, and government) have made with residents of all other countries over a defined period of time.
Comprehensive definition of the term balance of payments
The transactions recorded in the balance of payments includes imports and exports of goods, services and capital, as well as transfer payments.