international payment

international payment
Payment made between countries, whether in settlement of a trade debt, as a unilateral transfer of funds, for capital investment, or for some other purpose.

The reasons for such payments and the methods of making them and accounting for them are matters of concern to economists and national governments. International debts are settled either from accumulated balances of foreign currency or claims on foreign currency, or by loans from creditor to debtor, or by drawing on the International Monetary Fund, or by movements of gold. How a country balances its international accounts is one of the most important decisions for its balance of payments.

* * *


Universalium. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • international payment and exchange — ▪ economics Introduction international exchange also called  foreign exchange        respectively, any payment made by one country to another and the market in which national currencies are bought and sold by those who require them for such… …   Universalium

  • International Payment Instruction — ⇡ IPI …   Lexikon der Economics

  • International Monetary Fund — Infobox Central bank bank name = bank name in local = International Monetary Fund image 1 = IMF.png image title 1 = IMF member states in green headquarters = Washington, D.C., USA president = Dominique Strauss Kahn leader title = Managing… …   Wikipedia

  • Payment card industry — The payment card industry (PCI) denotes the debit, credit, pre paid, e purse, ATM, and POS cards and associated businesses.The term is sometimes more specifically used to refer to the Payment Card Industry Security Standards Council, an… …   Wikipedia

  • international trade — Introduction       economic transactions that are made between countries. Among the items commonly traded are consumer goods, such as television sets and clothing; capital goods, such as machinery; and raw materials and food. Other transactions… …   Universalium

  • Payment service provider — A payment service provider (PSP) offers merchants online services for accepting electronic payments by a variety of payment methods including credit card, bank based payments such as direct debit (GlobalCollect), bank transfer, and real time bank …   Wikipedia

  • international — internationality, n. internationally, adv. /in teuhr nash euh nl/, adj. 1. between or among nations; involving two or more nations: international trade. 2. of or pertaining to two or more nations or their citizens: a matter of international… …   Universalium

  • International Monetary Fund — an international organization that promotes the stabilization of the world s currencies and maintains a monetary pool from which member nations can draw in order to correct a deficit in their balance of payments: a specialized agency of the… …   Universalium

  • International Financial Action Task Force on Money Laundering —   Is an organisation set up in 1989 by the G 7. Its work is summarised in the name of the organisation. It is also simply known as the FATF and a sub group chaired by the Bank of England deals with issues such as international payment systems …   International financial encyclopaedia

  • International commercial law — is the body of law that governs international sale transactions. [Mo, John S.; International Commercial Law (2003) 1.] A transaction will qualify to be international if elements of more than one country are involved. [Pryles, Jeff Waincymer, and… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”