Unilateral transfers

Unilateral transfers

Items in the current account of the balance of payments of a country's accounting books that correspond to gifts from foreigners or pension payments to foreign residents who once worked in the particular country.

Unilateral Transfers

Gifts that foreigners make to citizens of a country or vice versa. Unilateral transfers are recorded in the country's balance of payments.
References in periodicals archive ?
This brings us to the important--potentially the most important--question for human coexistence and the social sciences: how a catallactic arrangement could be designed which effectively minimizes the impact of cratic actions (and of unilateral transfers), and whether such an arrangement is possible and stable in practice.
In addition, a net $2.5 billion flowed out of the United States as unilateral transfers. Trade in goods and services, plus income receipts and payments, plus unilateral transfers, make up the U.S.
For both years, the largest downward adjustments to Canadian southbound transactions result from definitional adjustments to eliminate withholding taxes from current unilateral transfers, from statistical adjustments to affiliated services, and from definitional adjustments to "other" investment income.
Baz said remittances from Lebanese citizens abroad accounted for a little over 40 percent of the inflows, with foreign direct investment (FDI) another 40 percent and "unilateral transfers" from Lebanon's huge overseas diaspora accounting for the rest.
The current account is calculated using trade balance combined with net factor income from abroad, or FDI, and net unilateral transfers from abroad, or remittances.
One of the purposes of this article is to develop further some of the ideas that appear in my book Then Athena Said: Unilateral Transfers and the Transformation of Objectivist Ethics.
Further analysis was conducted by analyzing the components of each category: unilateral transfers, transfers for paid or earned benefits, priorities of federal government agencies expenditures, etc.
Then Athena said; unilateral transfers and the transformation of objectivist ethics.
The current account balance includes a country's trade deficit, net income from abroad, and net unilateral transfers. In the fourth quarter, the balance on goods and services was -$171 billion, net income $2 billion, and net unilateral transfers -$19 billion.
The deficit on unilateral transfers narrowed slightly.
The final category is net unilateral transfers. Because the United States is a major donor country in economic aid, this category is consistently in a deficit position.
The current account was redefined by removing a part of the measure of unilateral transfers and including it in the new capital account.
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