Definitions for transfer payment
This page provides all possible meanings and translations of the word transfer payment
Random House Webster's College Dictionary
any payment made by a government for a purpose other than that of purchasing goods or services, as for welfare benefits.
(in Canada) a payment from the federal to a provincial government.
Origin of transfer payment:
a public expenditure (as for unemployment compensation or veteran's benefits) that is not for goods and services
In economics, a transfer payment is a redistribution of income in the market system. These payments are considered to be exhaustive because they do not directly absorb resources or create output. In other words, the transfer is made without any exchange of goods or services. Examples of certain transfer payments include welfare, social security, and government making subsidies for certain businesses.
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"transfer payment." Definitions.net. STANDS4 LLC, 2014. Web. 7 Mar. 2014. <http://www.definitions.net/definition/transfer payment>.