The price at which one unit of a firm sells goods or services to another unit of the same firm.

is the price charged by an individual entity in a multi-entity corporation on transactions among the entities involved.

Literally this only refers to the price charged on goods and services that are traded between subsidiaries of a multinational corporation. However, the term usually connotes the setting of such prices high or low so as to minimize the total taxes paid to different governments, in response to differences in corporate tax rates.

The monetary value assigned to products, services, or rights conveyed or exchanged between related parties, including those occurring between units of a consolidated entity.

Transfer tax Transferable letter of credit