Term:
Other current transfers – BPM
Definition:
Other sectors or other current transfers, in cash or in kind, between resident and non-resident entities include those (such as food, clothing, other consumer goods, medical supplies, etc.) for distribution to relieve hardships caused by famine, other natural disasters, war, etc. and regular contributions to charitable, religious and cultural organizations. Also covered are gifts, dowries, and inheritances; alimony and other support remittances; tickets sold by and prizes won from lotteries; and payments form unfunded pension plans by non-governmental organizations
Domain:
Finance
Source:
BPM para. 303