Unilateral Transfer

What is a 'Unilateral Transfer'

A unilateral transfer is an economic transactions between residents of two nations over a stipulated period of time, usually a calendar year. Typically, these transactions consist of gift exchanges, pension payments and the like, but they can encompass other goods and services as well.

BREAKING DOWN 'Unilateral Transfer'

Unilateral transfers are included in the current account of a nation's balance of payments. They are distinct from international trade, encompassing such things as humanitarian aid and payments made by immigrants to their former country of residence.

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RELATED FAQS
  1. What transactions are included in a country's balance of payments?

    Learn about the many types of transactions that are recorded in a country's balance of payments, including the current, capital ... Read Answer >>
  2. What's the difference between the current account and the capital account?

    Learn the difference between the current account and capital account in the balance of payments. Compare and contrast their ... Read Answer >>
  3. Is a deficit in the balance of payments a bad thing?

    Discover how it might be possible to run a balance of payments deficit, what that means in terms of international trade and ... Read Answer >>
  4. How does the gifting process work with a deed transfer?

    My parents own a home that they would like to "gift" to my husband and me. The house is in my parents name and they want ... Read Answer >>
  5. Can I give stock as a gift?

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