transfer payment (redirected from Transfer payments)

transfer payment

n.

A noncompensatory government payment to individuals, as for welfare or social security benefits.

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transfer payment

n

(Social Welfare) (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

Thesaurus

Noun

1.

transfer payment - a public expenditure (as for unemployment compensation or veteran's benefits) that is not for goods and services expenditure, outgo, outlay, spending - money paid out; an amount spent