What does transfer payment mean?
Definitions for transfer payment
trans·fer pay·ment
This dictionary definitions page includes all the possible meanings, example usage and translations of the word transfer payment.
Princeton's WordNet
transfer paymentnoun
a public expenditure (as for unemployment compensation or veteran's benefits) that is not for goods and services
Wikipedia
Transfer payment
In macroeconomics and finance, a transfer payment (also called a government transfer or simply transfer) is a redistribution of income and wealth by means of the government making a payment, without goods or services being received in return. These payments are considered to be non-exhaustive because they do not directly absorb resources or create output. Examples of transfer payments include welfare, financial aid, social security, and government subsidies for certain businesses. Unlike the exchange transaction which mutually benefits all the parties involved in it, the transfer payment consists of a donor and a recipient, with the donor giving up something of value without receiving anything in return. Transfers can be made both between individuals and entities, such as private companies or governmental bodies. These transactions can be both voluntary or involuntary and are generally motivated either by the altruism of the donor or the malevolence of the recipient.For the purpose of calculating gross domestic product (GDP), government spending does not include transfer payments, which are the reallocation of money from one party to another rather than expenditure on newly produced goods and services.
ChatGPT
transfer payment
A transfer payment is a one-way payment made by a government or a public institution to an individual or an organization, without receiving any goods or services in return. These payments form a part of government expenditure and are often made to redistribute wealth and support individuals or sectors in need, such as pensions, unemployment benefits, welfare payments, social security, or subsidies.
Wikidata
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.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of transfer payment in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of transfer payment in Pythagorean Numerology is: 6
Translations for transfer payment
From our Multilingual Translation Dictionary
- tulonsiirtoFinnish
- transfer pembayaranIndonesian
- transfer odemesiTurkish
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"transfer payment." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/transfer+payment>.
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