In economics, the concept of net foreign assets relates to balance of payments identity.
The net foreign asset (NFA) position of a country is the value of the assets that country owns abroad, minus the value of the domestic assets owned by foreigners. The net foreign asset position of a country reflects the indebtedness of that country.
Read more about Net Foreign Assets: The Traditional Balance of Payments Identity, The Augmented Balance of Payments Identity, See Also
Famous quotes containing the words net and/or foreign:
“The history of literature—take the net result of Tiraboshi, Warton, or Schlegel,—is a sum of a very few ideas, and of very few original tales,—all the rest being variation of these.”
—Ralph Waldo Emerson (1803–1882)
“It tosses up our losses, the torn seine,
The shattered lobster pot, the broken oar
And the gear of foreign dead men. The sea has many voices,
Many gods and many voices.”
—T.S. (Thomas Stearns)