transfer price Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “transfer price” in the English Dictionary

"transfer price" in Business English

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transfer pricenoun [C]

uk   us   FINANCE, ACCOUNTING, TAX
an ​amount of ​moneycharged by one ​department in a ​company to ​supplygoods or ​services to another ​department in the same ​company, or from one ​company to another in a ​group: Some ​firms use ​transferprices as a way of ​movingprofits into "low-tax" countries.
(Definition of transfer price from the Cambridge Business English Dictionary © Cambridge University Press)
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