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transfer payment

noun

  1. any payment made by a government for a purpose other than that of purchasing goods or services, as for welfare benefits.
  2. any money received that is neither a payment for goods or services nor investment income.


transfer payment

noun

  1. usually plural money received by an individual or family from the state or other body, often a pension or unemployment benefit. It is not reckoned when calculating the national income as it is money transferred rather than paid for merchandise or a service rendered


transfer payment

  1. Income transferred from one party to another without a corresponding exchange of goods or services . Examples are a corporation 's charitable contributions or a government's provision of social services.


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Word History and Origins

Origin of transfer payment1

First recorded in 1940–45

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