balance of trade
noun
the difference between the values of exports and imports of a country, said to be favorable or unfavorable as exports are greater or less than imports.
QUIZZES
BECOME A PRO CHEF WITH THIS EXQUISITE CUISINE QUIZ!
Even if you can't be a professional chef, you can at least talk like one with this vocabulary quiz.
Question 1 of 9
You may have read the word "simmer" in a recipe or two, but what does it really mean?
Origin of balance of trade
First recorded in 1660–70
Words nearby balance of trade
balance lug, balance of nature, balance of payments, balance of power, balance of terror, balance of trade, balance pipe, balancer, balance shaft, balance sheet, balance spring
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
British Dictionary definitions for balance of trade
balance of trade
noun
economics the difference in value between total exports and total imports of goodsAlso called: visible balance Compare invisible balance
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cultural definitions for balance of trade
balance of trade
That part of the balance of payments relating to goods only (as opposed to services, monetary movements, official reserve transactions, etc.).
notes for balance of trade
A nation whose imports are worth more than its exports is said to have an unfavorable balance of trade, or to be running a trade deficit.
The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.