transfer payment

noun

1. any payment made by a government for a purpose other than that of purchasing goods or services, as for welfare benefits.
2. any money received that is neither a payment for goods or services nor investment income.

transfer payment

noun

1. 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

transfer payment

1. Income transferred from one party to another without a corresponding exchange of goods or services . Examples are a corporation 's charitable contributions or a government's provision of social services.

Word History and Origins

Origin of transfer payment¹

First recorded in 1940–45

Example Sentences

Moreover, the Republican Party wants to eliminate government programs so that those monies can be transferred to the very rich and corporations in the form of more tax subsidies and other transfer payments.

From Salon

I hope there’s a way to structure the laws to reduce what amounts to transfer payments of our tax dollars to them, but I don’t know what that is.

From Los Angeles Times

Buyers would transfer payments into the accounts, in some cases for the full purported purchase price.

From Los Angeles Times

In the past, shortfalls were largely offset by transfer payments from the central government and carryover funds from previous years, but analysts say cooling economic growth may limit any such help this time around.

From Reuters

Lower-income households also tend to spend more than they earn, largely because of transfer payments such as the earned-income tax credit that supplement their wages.

From Washington Post