invisibles

See current account. Dresdner Kleinwort Wasserstein financial glossary

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invisibles in‧vis‧i‧bles [ɪnˈvɪzblz] noun [plural] ECONOMICS

things that can be used or sold but cannot be seen or touched, for example banking services, advertising or customer goodwill:

• Officials hope that invisibles such as tourism will improve the country's balance of payments.

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   International transactions in services as opposed to trade in physical goods or merchandise. They form part of the current account balance of payments and include funds arising from shipping, tourism, insurance, banking and commodity services.

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invisibles [plural]

► (also invisible exports) a service such as insurance or banking that is sold in foreign countries or to buyers from foreign countries: »

Invisibles now make up a larger proportion of the UK's current account.

→ Compare BALANCE OF TRADE(Cf. ↑balance of trade)

Main Entry: ↑invisible