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.
The numerical value of transfer payment in Chaldean Numerology is: 4
The numerical value of transfer payment in Pythagorean Numerology is: 6
Images & Illustrations of transfer payment
Translations for transfer payment
From our Multilingual Translation Dictionary
Get even more translations for transfer payment »
Find a translation for the transfer payment definition in other languages:
Select another language:
Discuss these transfer payment definitions with the community:
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Use the citation below to add this definition to your bibliography:
"transfer payment." Definitions.net. STANDS4 LLC, 2018. Web. 17 Mar. 2018. <https://www.definitions.net/definition/transfer payment>.