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balance of payments |
Also found in: Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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Balance of payments 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.
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| Much of the increase can be attributed to a practice known as "phishing," which finds crooks stealing consumers' personal identity data and financial account credentials through "spoofed" e-mails that lead unknowing users to counterfeit Websites of "hijacked" brands. If your company owns a foreign bank account, brokerage account, mutual fund, unit trust, or other financial account, then it may be required to report the account yearly to the Internal Revenue Service. taxpayers having a financial interest in, or signature or other authority over, any financial account in a foreign country exceeding $10,000 should file an |
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