Unilateral Transfer

A unilateral transfer is a one-way transfer of money, goods, or services from one country to another. The prefix uni means one. In a unilateral transfer, one party is making a transfer to the other party. They are not receiving anything back from the other party. Unilateral transfers often involve gifts to governments, foreign aid or any transaction where one party is promising to deliver and then delivering payments or items to another country, population or government without receiving anything in return. This can be contrasted with a bilateral transfer. The prefix bi means two. A bilateral transfer involves two parties exchanging goods, money or services.