transactions in external assets and liabilities
transactions in external assets and liabilitiesthe ‘capital account’ of the BALANCE OF PAYMENTS, which records purchases and sales of overseas assets by citizens of one country, say the UK, and purchases and sales by foreigners of assets in the UK. These transactions include inward and outward FOREIGN INVESTMENT in the acquisition of overseas physical ASSETS and FINANCIAL SECURITIES.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005