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English definition of “transfer price”

transfer price

noun [C]
 
 
FINANCE, ACCOUNTING, TAX
an amount of money charged by one department in a company to supply goods or services to another department in the same company, or from one company to another in a group: Some firms use transfer prices as a way of moving profits into "low-tax" countries.
(Definition of transfer price from the Cambridge Business English Dictionary © Cambridge University Press)
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