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transfer payment
(redirected from Transfer payments)

   Also found in: Financial, Wikipedia 0.01 sec.
transfer payment
n.
A noncompensatory government payment to individuals, as for welfare or social security benefits.

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
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.transfer payment - a public expenditure (as for unemployment compensation or veteran's benefits) that is not for goods and servicestransfer 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


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Apart from that, electronic transfer payments ensure business owners a lesser risk of thievery within the circle of employees as the same rule cannot be applied to cash payments.
Because of this, you can then turn to online transfer payments which can be made through wire or bank-to-bank account transfer, but the process also takes some time.
Harper vowed not to reduce transfer payments to the provinces during the economic crisis.
 
 
 
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