transfer payment

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transfer payment

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

transfer payment

(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

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]

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Noun

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

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References in periodicals archive ?

Prior to 1999, current transfer payments to the rest of the world

Government Current Receipts and Expenditures

The new mobile banking feature allows customers to transfer payments using Apples virtual assistant, Siri.

United Arab Emirates : First bank to integrate with Apples Siri for voice-powered payments

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.

Mashreq to adopt AppleAEs Siri for voice-enabled payments

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.

SEPA European Bank Transfer Now Available for Businesses All Over the World

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.

Support trustees more in new climate - Mercer; MONEY, MONEY, MONEY Employers should encourage trustees to reconsider their approach to defined benefit (DB) pension transfer payments in response to recent regulatory changes, says investment advice specialist Mercer

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.

Vox cognoscentis: transfer payment

The fiscal policy tool is federal transfer payments.

What it takes to solve the U.S. government deficit problem

Alnylam previously received $120 million in upfront and technology transfer payments from Takeda.

Alnylam, 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.

Tax and pension reviews

Every budget decision connected with transfer payments is extremely relevant to women, as they constitute the majority of recipients.

Social security and social assistance

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).

Key aspects of per capita personal income

The study shows that its tax base would be similar to Manitoba and Atlantic provinces, and probably qualify for federal transfer payments.