Definitions for transfer payment

This page provides all possible meanings and translations of the word transfer payment

Random House Webster's College Dictionary

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.

    Category: Banking

  2. (in Canada) a payment from the federal to a provincial government.

    Category: Canada/Canadian

Origin of transfer payment:

1940–45

Princeton's WordNet

  1. transfer payment(noun)

    a public expenditure (as for unemployment compensation or veteran's benefits) that is not for goods and services

Freebase

  1. Transfer payment

    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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