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Balance of Payments

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Filed In: Personal Finance and Finance
Given the fallout from the housing crisis, getting approved for a mortgage can be a tricky business. These 10 steps will help you prepare for the process.
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By Tim Devaney and Tom Stein |  Filed In: Financing & Credit and Finance
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By Tim Devaney and Tom Stein |  Filed In: Personal Finance and Finance
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By Tim Devaney and Tom Stein |  Filed In: Personal Finance and Finance
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By Sara Wilson |  Filed In: SOHO & Home Businesses
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AllBusiness News Staff
Proposed new agreements with Colombia, Panama, and South Korea could bring small businesses more than $13 billion in new export opportunities.
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Filed In: Personal Finance and Finance
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With credit as tight as it is these days, seller financing is likely the quickest, most profitable way to exit your small business.
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That mild-mannerred woman in accounting might be stealing millions from you. Here's how to make sure that she isn't.
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To select the card with the right mix of features and benefits for your small business’s needs, you first have to decide which are most important. Here are a few questions to get...
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Business Glossary

Definitions for: balance of payments
balance of payments

record of the transactions of a country with the rest of the world. There are three main accounts in the balance of payments: (1) the current account, (2) the capital account, and (3) gold. The current account records trade in goods and services, as well as transfer payments. Services include freight, royalty payments, and interest payments. Transfer payments consist of remittances, gifts, and grants. The balance of tradesimply records trade in goods. The capital account records purchases and sales of investments, such as stocks, bonds and land.

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