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equalization payment
noun
a financial grant made by the federal government to a poorer province in order to facilitate a level of services equal to that of a richer province
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Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
In addition, Gregg will pay Grey $15,144 as an equalization payment, but will waive spousal support from her.
Read more on Fox News
“Montreal suffered, and Toronto gained. There is now virtually no financial sector in Montreal. Quebec is the largest recipient of the Canadian federal government’s equalization payment scheme, and it has the largest government debt of any province.”
Read more on BusinessWeek
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