Editing Invisible balance (section)

==Types of invisibles==

Invisibles are both international payments for services (as opposed to goods), as well as movements of money without exchange for goods or services. These invisibles are called 'transfer payments' or 'remittances' and may include money sent from one country to another by an individual, business, government or non-governmental organisations ([[NGO]]) &ndash; often charities.

An individual remittance may include money sent to a relative overseas. Business transfers may include profits sent by a foreign subsidiary to a parent company or money invested by a business in a foreign country. Bank loans to foreign countries are also included in this category, as are license fees paid for the use of patents and trademarks. Government transfers may involve loans made or official aid given to foreign countries, while transfers made by NGO's include money designated for charitable work within foreign countries, respectively.