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balance de pagos
An accounting statement measuring the value of goods, services and capital exchanged between a country and all foreign countries. A nation is said to have either: (1) a balance of payments deficit if it sends abroad less in goods, services, and capital than it receives from foreigners; or (2) a balance of payments surplus if it sends abroad more in goods, services, and capital than it receives.
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- Part of Speech: noun
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- Industry/Domain: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
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