the current account balance; the net flow of liquid assets to the citizens of a particular country. The external balance includes the trade balance, net foreign factor income, and net foreign aid *received*. Usually the main cause of an external deficit is a trade deficit.
External balances are critical to good economic policies.
#trade balance #current account balance #capital account balance #balance of payments #nipa
by Abu Yahya February 14, 2009
Top Definition
the current account balance; the net flow of liquid assets to the citizens of a particular country. The external balance includes the trade balance, net foreign factor income, and net foreign aid *received*. Usually the main cause of an external deficit is a trade deficit.
External balances are critical to good economic policies.
#current account balance #capital account balance #balance of payments #trade balance #nipa
by Abu Yahya February 14, 2009
Free Daily Email

Type your email address below to get our free Urban Word of the Day every morning!

Emails are sent from daily@urbandictionary.com. We'll never spam you.

×