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equalization payment

British  

noun

  1. 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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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.

From 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.”

From BusinessWeek

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.