Battle of Las Navas de Tolosa: Armed confrontation that took place on July 16, 1212, near Jaén, in the south of present-day Spain, in the context of the Christian Reconquest of the Iberian Peninsula.

Balance of payments is a systematic record or summary statement of accounts of all the major economic or trading transactions between a reporting country and the rest of the world, during a specific period, usually one year. Balance of payment is a summary of receipts (income) and payments (expenditure) of a country in the international accounts.