In the balance of payments, or in any category of international transactions within it, the surplus is the sum of credits minus the sum of debits. Also called simply the "balance" for that category. Thus the balance of trade is the same as the surplus on trade, or the Trade Surplus, and similarly for merchandise trade, current account, and capital account.
Browse by Subjects
See All Related Terms »
minimum lending rate
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):