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:
“it was you untying the snarls and knots,
the webs, all bloody and gluey;
you with your twelve tongues and twelve wings
beating, wresting, beating, beating
your way out of childhood,
that airless net that fastened you down.”
—Anne Sexton (1928–1974)
“Friends, both the imaginary ones you build for yourself out of phrases taken from a living writer, or real ones from college, and relatives, despite all the waste of ceremony and fakery and the fact that out of an hour of conversation you may have only five minutes in which the old entente reappears, are the only real means for foreign ideas to enter your brain.”
—Nicholson Baker (b. 1957)