Meaning of “transfer price” in the English Dictionary

business-english dictionary

"transfer price" in Business English

See all translations

transfer pricenoun [ C ]

uk us 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)