transfer value

Definition
In preferential, proportional representation elections a winning candidate's surplus votes are transferred to the next available party candidate. This is achieved by transferring all of the ballot papers (considering it would be unfair for the preferences to be taken only from the random surplus), but at a fraction of their value. [e.g. Total votes won were the quota of 1000 to win the seat plus 600 surplus, i.e. 1,600. All the 1,600 votes would then move on the next preferred candidate on each ballot paper but at only the t.v. of 0.375 of a vote each.]