A lovable man who supports social justice causes. LGBTQ+ rights, feminism, climate activism, and BLM are all major concerns of his.
by GayPerson1278 June 25, 2022
Get the Payce 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.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.The most kind, beautiful girl you will ever meet, inside and out. Smart, ambitious, outgoing, easy to get along with, trustworthy, an outstanding artist, very athletic, super funny, someone you could talk to for hours and hours and never run out of stuff to talk about, very easy to fall for, guaranteed to put a smile on your face everytime you think about her, the kindest heart you will ever meet.
Jess: "i heard that girl Payten was cheertarded!"
Paige: "sadly..yes, she has a minor case of being cheertarded.."
Paige: "sadly..yes, she has a minor case of being cheertarded.."
by KL:) May 22, 2010
Get the Payten 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.the sweetest guy you’ll ever meet. pacen is the kind of guy that wants you to be happy all of the time and will do anything to make it happen. he’s super cute and has a great sense of humor. you can talk to pacen about anything you want and he will keep up the conversation. pacen will never let you down and he gives great hugs.
by mermaid123 June 16, 2019
Get the pacen mug.The reason for your service being interrupted or property repossessed for non-payment. See "between jobs".
A: "Hey I called your cell phone but couldn't get through"
B: "Yeah my phone is between payments right now"
B: "Yeah my phone is between payments right now"
by Ry-G January 21, 2010
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