balance of trade
gap between imports and exports the difference between a country's imports and exports of goods and services.
Related definitions of "balance of trade"
- Abbr BOT
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gap between imports and exports the difference between a country's imports and exports of goods and services.
Why is that the case? Well, the simplest answer is that they need to repair their balance sheets to cope with the effects of the lending binge and the associated hangover. The losses on mortgage and other lending are massive. In its Financial Stability Report of October 2008, the Bank of England
By Sir Howard Davies
Definitions of ’balance of trade’ and meaning of ’balance of trade’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’balance of trade’ and other financial terms with our online QFINANCE Financial Dictionary.