Transfer Payment

- 4 dictionary results

transfer payment

See web results for 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.

Origin:
1940–45

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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transfer payment
n. A noncompensatory government payment to individuals, as for welfare or social security benefits.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Cultural Dictionary

transfer payment

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.

Financial Dictionary

Transfer Payment

1. In the United States, a payment made to individuals by the federal government through various social benefit programs.

2. In Canada, a payment made to the provinces and territories by the federal government.

Investopedia Commentary

1. Transfer payments are made by the U.S. Federal Government to individuals through programs such as Social Security, Welfare and Veteran's benefits.

2. Transfer payments are made by the Canadian Federal Government to the provinces and territories through the Equalization Program, Canada Health Transfer and Canada Social Transfer.