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TeachMeFinance.com - explain Balance of trade Balance of trade The term 'Balance of trade ' as it applies to the area of agriculture can be defined as ' in its balance of payments'. Previous 5 Terms: Baffle Baffle block (dentate) Bailer Balance Billing Balance of payments Next 5 Terms: Balanced head condition Balancing authority (electric) Balancing item balaniferous balanoid About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.