transfer of value
Also found in: Acronyms.
transfer of value
a disposition by an individual which reduces the value of their estate for INHERITANCE TAX purposes.Collins Dictionary of Law © W.J. Stewart, 2006
Also found in: Acronyms.
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For more information on the Life Science Corporate Compliance: Big Data Analysis, Transfer of Value and Global Regulation Conference, please visit www.q1productions.com/lscompliance or email marketing@q1productions.com.
Answer: CMS says, "A payment or other transfer of value provided to a group practice (or multiple covered recipients generally) should be attributed to each individual physician covered recipient who requested the payment, on whose behalf the payment was made, or who are intended to benefit from the payment or other transfer of value.
The act is comprehensive, so any transfer of value must be reported.
The business separation would materially limit the company's business diversity and the transaction is viewed by S&P as a significant transfer of value to ConocoPhillips' shareholders.
He said: "I urge the government to find in racing's favour, on the grounds that for a sustainable and successful racing industry, on which the gambling industry depends, there must be a reasonable transfer of value from gambling to racing.
This is because there are exemptions from IHT where a transfer of value is not intended to provide gratuitous benefit to the receiving party or where the transfer takes place for the purpose of family maintenance.
The hallmark provision of the proposed legislation is that manufacturers would be required to report annually to the federal government any "payment or other transfer of value" to a physician, physician medical practice or physician group practice.
Nor must the business that is transferred be subject to a winding up order (whether voluntary or compulsory) or be in the process of liquidation unless this is part of a process of reconstruction, which is completed no longer than a year after the transfer of value.
'The agreement represents an historic transfer of value to independents and very much underlines the BBC's commitment to fostering a robust independent sector.
In cash transactions, an instantaneous transfer of value occurs, and thus settlement and payment are simultaneous.
"Paper money is going away and crypto is a much better value for a transfer of value than pieces of paper but it has its pros and cons.
It facilitates commerce through the transfer of value and information through VisaNet, a processing network.
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