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Unilateral transfers

• Items in the current account of the balance of payments of a country's accounting books that corresponds to gifts from foreigners or pension payments to foreign residents who once worked in the country whose balance of payments is being considered.

 
 Embedded terms in definition
 Balance of payments
Books
Current account
Foreign
 
 Related Terms
 Electronic depository transfers
Official unrequited transfers
Private unrequited transfers

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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

I have never met a man so ignorant that I couldn't learn something from him. - Galileo Galilei

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