TRANSFER PAYMENT Definition & Meaning

transfer payment

noun

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

transfer payment

noun

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

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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�y��vlog History and Origins

Origin of transfer payment¹

First recorded in 1940–45

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Example Sentences

Examples have not been reviewed.

Moreover, the Republican Party wants to eliminate government programs so that those monies can be transferred to the very rich and corporations in the form of more tax subsidies and other transfer payments.

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I hope there’s a way to structure the laws to reduce what amounts to transfer payments of our tax dollars to them, but I don’t know what that is.

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Buyers would transfer payments into the accounts, in some cases for the full purported purchase price.

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In the past, shortfalls were largely offset by transfer payments from the central government and carryover funds from previous years, but analysts say cooling economic growth may limit any such help this time around.

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Lower-income households also tend to spend more than they earn, largely because of transfer payments such as the earned-income tax credit that supplement their wages.

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