transfer payment

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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

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]
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
References in periodicals archive ?
Prior to 1999, current transfer payments to the rest of the world
The new mobile banking feature allows customers to transfer payments using Apples virtual assistant, Siri.
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.
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.
Establishing programs providing for transfer payments from the budget to particular favoured categories of the population represent one of the most direct ways in which a government may pursue policies of income redistribution.
The fiscal policy tool is federal transfer payments.
Alnylam previously received $120 million in upfront and technology transfer payments from Takeda.
This will include consideration of the relationships of the tax system with the transfer payments system and other social support payments, rules and concessions, with a view to improving incentives to work, reducing complexity and maintaining cohesion.
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).
The study shows that its tax base would be similar to Manitoba and Atlantic provinces, and probably qualify for federal transfer payments.