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Definition of balance of payments noun from the Oxford Advanced Learner's Dictionary

balance of payments

noun

/ˌbæləns əv ˈpeɪmənts/

/ˌbæləns əv ˈpeɪmənts/

[singular]

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the difference between the amount a country pays for imports and the amount it receives for exports in a particular period of time
Oxford Collocations Dictionary
Balance of payments is used before these nouns:
deficit
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See balance of payments in the Oxford Advanced American DictionarySee balance of payments in the Oxford Learner's Dictionary of Academic English

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