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Balance of payments

Definition:

A statistical compilation formulated by a sovereign nation of all economic transactions between residents of that nation and residents of all other nations during a stipulated period of time, usually a calendar year.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Stock buyback

A corporation's purchase of its own outstanding stock, usually in order to raise the company's earnings per share.

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