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Balance of trade   /bˈæləns əv treɪd/   Listen
noun
Balance  n.  
1.
An apparatus for weighing. Note: In its simplest form, a balance consists of a beam or lever supported exactly in the middle, having two scales or basins of equal weight suspended from its extremities. Another form is that of the Roman balance, our steelyard, consisting of a lever or beam, suspended near one of its extremities, on the longer arm of which a counterpoise slides. The name is also given to other forms of apparatus for weighing bodies, as to the combinations of levers making up platform scales; and even to devices for weighing by the elasticity of a spring.
2.
Act of weighing mentally; comparison; estimate. "A fair balance of the advantages on either side."
3.
Equipoise between the weights in opposite scales.
4.
The state of being in equipoise; equilibrium; even adjustment; steadiness. "And hung a bottle on each side To make his balance true." "The order and balance of the country were destroyed." "English workmen completely lose their balance."
5.
An equality between the sums total of the two sides of an account; as, to bring one's accounts to a balance; also, the excess on either side; as, the balance of an account. "A balance at the banker's." "I still think the balance of probabilities leans towards the account given in the text."
6.
(Horol.) A balance wheel, as of a watch, or clock. See Balance wheel (in the Vocabulary).
7.
(Astron.)
(a)
The constellation Libra.
(b)
The seventh sign in the Zodiac, called Libra, which the sun enters at the equinox in September.
8.
A movement in dancing. See Balance, v. t., 8.
Balance electrometer, a kind of balance, with a poised beam, which indicates, by weights suspended from one arm, the mutual attraction of oppositely electrified surfaces.
Balance fish. (Zool.) See Hammerhead.
Balance knife, a carving or table knife the handle of which overbalances the blade, and so keeps it from contact with the table.
Balance of power (Politics), such an adjustment of power among sovereign states that no one state is in a position to interfere with the independence of the others; international equilibrium; also, the ability (of a state or a third party within a state) to control the relations between sovereign states or between dominant parties in a state.
Balance sheet (Bookkeeping), a paper showing the balances of the open accounts of a business, the debit and credit balances footing up equally, if the system of accounts be complete and the balances correctly taken.
Balance thermometer, a thermometer mounted as a balance so that the movement of the mercurial column changes the inclination of the tube. With the aid of electrical or mechanical devices adapted to it, it is used for the automatic regulation of the temperature of rooms warmed artificially, and as a fire alarm.
Balance of torsion. See Torsion Balance.
Balance of trade (Pol. Econ.), an equilibrium between the money values of the exports and imports of a country; or more commonly, the amount required on one side or the other to make such an equilibrium.
Balance valve, a valve whose surfaces are so arranged that the fluid pressure tending to seat, and that tending to unseat, the valve, are nearly in equilibrium; esp., a puppet valve which is made to operate easily by the admission of steam to both sides. See Puppet valve.
Hydrostatic balance. See under Hydrostatic.
To lay in balance, to put up as a pledge or security. (Obs.)
To strike a balance, to find out the difference between the debit and credit sides of an account.






Collaborative International Dictionary of English 0.48








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"Balance of trade" Quotes from Famous Books



... for you, Mr. President, to say whether the whole nation shall be plunged into bankruptcy (the slaves were valued as property at two thousand million dollars!); whether the grass shall grow in the streets of our commercial cities." (The balance of trade against the South to the manufacturing and supplying North ...
— The Lincoln Story Book • Henry L. Williams

... commodities. Imports and exports vary with changing foreign trade balances. Large amounts of gold normally go to London, because Great Britain requires all gold produced in the colonies to be sent to England; but since England ordinarily has an unfavorable balance of trade, much of this gold is reexported. The United States up to a few years ago was also a debtor nation, and more gold was exported than was imported. During the war, however, this country became the greatest of the creditor nations and imports of gold, chiefly from Europe, ...
— The Economic Aspect of Geology • C. K. Leith

... colonial produce to the extent of five millions yearly; and which in every case, but especially in bad seasons, when large supplies of continental grain were necessary for the food of her population, always secured a large balance of trade in her favour, and which would again be the case if she adopts the ...
— Blackwood's Edinburgh Magazine - Volume 55, No. 344, June, 1844 • Various

... the old member who has written an appeal against the tax, that "as the produce of American labour is spent in British manufactures, the balance of trade is greatly against them; whatever you take directly in taxes is, in effect, taken from your own commerce. If the minister seizes the money, with which the American should pay his debts, and come to market, the merchant cannot expect him as a customer, nor can the debts, ...
— The Works of Samuel Johnson, Vol. 6 - Reviews, Political Tracts, and Lives of Eminent Persons • Samuel Johnson

... was his first duty to promote. At this conjuncture it happened that the Chinese had discovered what they thought to be a new grievance against the foreign traders in the steady efflux of silver as the natural consequence of the balance of trade being against China. In a report to the throne in 1833 it was stated that as much as 60,000,000 taels of silver, or $100,000,000, had been exported from China in the previous eleven years, and, as the Chinese of course made no allowance for the equivalent value imported into their country, ...
— China • Demetrius Charles Boulger



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