transfer payment

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transfer payment

n.
A noncompensatory government payment to individuals, as for welfare or social security benefits.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

trans′fer pay`ment


n.
1. any payment made by a government for a purpose other than that of purchasing goods or services, as for welfare benefits.
2. (in Canada) a payment from the federal to a provincial government.
[1940–45]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
The mobile banking feature enables customers to transfer payments up to AED500 using Siri, and though online and mobile banking continues to be a key focus, Mashreq has added the virtual assistant feature to enhance the banking experience for its customers.
With SEPA Direct Debit, banks will not be allowed to make any deductions from the amount being transferred, leading to reduced cross-border prices for bank transfer payments. It will make the banking market in the euro area more competitive with improved and affordable payment services.
IN light of the changes a new climate exists around transfers, says the consultancy, and companies should be supporting trustees in offering more generous transfer payments than may have been available in the past.
Federal government purchases of goods and services and federal transfer payments to households and to state and local governments are assumed to grow at recent historical rates net of the effects of the various stimulus measures.
Alnylam previously received $120 million in upfront and technology transfer payments from Takeda.
Every budget decision connected with transfer payments is extremely relevant to women, as they constitute the majority of recipients.
The BEA uses three components to determine personal income: employment earnings, transfer payments (government payments made to individuals), and investment income (dividends, interest, and rent).
In this scenario, the main question is: "Does Northwestern Ontario have the necessary tax base to sustain a reasonable level of government services?" The study shows that its tax base would be similar to Manitoba and Atlantic provinces, and probably qualify for federal transfer payments. Another advantage would be the control over its own legislature and public policies.
Couples in Victoria derived eight cents of every dollar from transfer payments. The Victoria residents, including a larger proportion of seniors, received 10 cents of every dollar of income from private pensions while Calgary couples received less than three cents of every dollar from private pensions.
The decrease will be due both to changes in applicable provisions (see the section "New Tax Rules") and to the tendency in the bases on which taxes are levied; two of the principal tax bases--household earnings plus transfer payments, and household consumption expenditure--will be decreasing in proportion to GDP throughout the forecast period (see Diagram 185).
He cautions that problems will arise for conscientious objectors, especially if provision of the "controlled activities" is made a condition for federal health care grants or transfer payments.