transfer payment

American  

noun

1. any payment made by a government for a purpose other than that of purchasing goods or services, as for welfare benefits.

2. any money received that is neither a payment for goods or services nor investment income.

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transfer payment British  

noun

1. (usually plural) money received by an individual or family from the state or other body, often a pension or unemployment benefit. It is not reckoned when calculating the national income as it is money transferred rather than paid for merchandise or a service rendered

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transfer payment Cultural  

1. Income transferred from one party to another without a corresponding exchange of goods or services. Examples are a corporation's charitable contributions or a government's provision of social services.

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Etymology

Origin of transfer payment

First recorded in 1940–45

Example Sentences

But in its ruling, the court said JetBlue owed American a transfer payment upwards of $200 million at the end of 2021 as part of the deal's revenue-sharing agreement.

From Reuters • Jun. 2, 2023

Under the sanctions, there can be no transfer, payment, or export of any property or interests in the United States to the targeted entities.

From BBC • Jan. 27, 2023

However, Facebook did not adequately provide systems that would enable content moderators to communicate about illicit activities, including agreements to transfer payment, on Facebook products, according to the claim.

From Washington Post • May 27, 2020

One big problem, Ms. Hill said, is that borrowers often need their previous servicer to transfer payment records to FedLoan.

From New York Times • Apr. 12, 2019

Or I could say 'I'm taxing you $3,000, and what I'm going to pay you in the future, I'll call a transfer payment.'

From US News • Aug. 13, 2015