Unilateral Transfer


DEFINITION of 'Unilateral Transfer'

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.

  1. Balance Of Payments (BOP)

    A record of all transactions made between one particular country ...
  2. Current Account

    The difference between a nation’s savings and its investment. ...
  3. Foreign Exchange

    The exchange of one currency for another, or the conversion of ...
  4. Transfer

    A change in ownership of an asset, or a movement of funds and/or ...
  5. Gift Of Equity

    The sale of a home made to a family member or someone with whom ...
  6. Gift

    Property, money or assets that one person transfers to another ...
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