Derogatory term for Patreon.
by Falchion315 May 1, 2019
Get the Paymetons mug.the sum of the capital account balance and the current account balance; put another way, the net change in financial reserves of a country, whether in the form of income (current account) or foreign investments (capital account)
For example, in all years since 1980, the USA has run a large-to-huge current account deficit, but in most years it has run a capital account surplus that is almost as big as the current account deficit. As a result, the USA has run a medium-to-large balance of payments deficit over this period.
A commonly-overlooked byproduct of BoP is that it determines whether or not a currency can be used as an international reserve currency. Despite repeated efforts by the governments of the EU and Japan to get their currencies established as such, they have failed to dent the US dollar's global primacy as the money for international transactions. This is because EU member states and Japan (as well as other major economies) run very large surpluses in their BoP. Japan, in particular, imports extremely little, and retains huge reserves rather than invest all of its net export earnings overseas. As a consequence, overseas holdings of euros or yen are much to small to serve as an alternative to the US dollar.
For example, in all years since 1980, the USA has run a large-to-huge current account deficit, but in most years it has run a capital account surplus that is almost as big as the current account deficit. As a result, the USA has run a medium-to-large balance of payments deficit over this period.
A commonly-overlooked byproduct of BoP is that it determines whether or not a currency can be used as an international reserve currency. Despite repeated efforts by the governments of the EU and Japan to get their currencies established as such, they have failed to dent the US dollar's global primacy as the money for international transactions. This is because EU member states and Japan (as well as other major economies) run very large surpluses in their BoP. Japan, in particular, imports extremely little, and retains huge reserves rather than invest all of its net export earnings overseas. As a consequence, overseas holdings of euros or yen are much to small to serve as an alternative to the US dollar.
Since the oil embargo of the 1970's, the US has run a balance of payments deficit because its trade deficit was enormous; prior to the embargo, the US BoP deficit was large because the US exported such an enormous amount of finance capital. As a consequence, the balance of payments deficit has persisted since the end of the Korean War (1953).
by Abu Yahya February 14, 2009
Get the balance of payments mug.by Dic Valentine March 5, 2020
Get the Phamed mug.When you don't masturbate for a couple of days in anticipation of getting a blow job. It will fill her cheeks to cartoon-like proportions.
Ted: So Jenny promised me if the Mets lost the World Series she would give me a hummer and so I didn't sling my own jelly for a week.
Frank: Ah, the old Balloon Payment, classic.
Frank: Ah, the old Balloon Payment, classic.
by Wally Krunk from the grave March 27, 2016
Get the Balloon Payment mug.1) Those that pledge and crossed the intake process of Psi Sigma Phi Multicultural Fraternity, Inc. est. 1990.
2) A clan of regular men turned into Knights. This type of Knight is composed of a Gentleman (for ladies/women) and a warrior (fighting for the greater good of humanity).
3) Modern day Knights of that Black, Silver and White crew.
2) A clan of regular men turned into Knights. This type of Knight is composed of a Gentleman (for ladies/women) and a warrior (fighting for the greater good of humanity).
3) Modern day Knights of that Black, Silver and White crew.
Man 1: You are one of those Phimen?
Man 2: Yeah.. I am a Gentlemen and a Knight. . . I will open a door for a lady but will fuck somebody up if they're outta line. . .
Man 2: Yeah.. I am a Gentlemen and a Knight. . . I will open a door for a lady but will fuck somebody up if they're outta line. . .
by Phiman March 1, 2010
Get the Phimen mug.I'm gonna phumelela
by I'mher. Com July 11, 2020
Get the phumelela mug.Giving head/ blowjobs/eatout oral sex When you can't afford to pay for product and need a front till Friday.
She/he asked if I could let them get a Bag of dope till Friday. I said sure I just need a Down Payment.
by Liljoe6981 February 5, 2020
Get the Down Payment mug.