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

Annual government transfer payments have increased by some $1.7 trillion to $4.9 trillion since the start of the pandemic, roughly double the rate of inflation.

From The Wall Street Journal

The government’s stimulus checks and transfer payments swelled household and business’ balance sheets, prompting consumption to rebound quickly.

From Barron's

They started last season with a two-point deduction because of missed transfer payments in the 2022-23 campaign but challenged at the top of the division throughout.

From BBC

I hope there’s a way to structure the laws to reduce what amounts to transfer payments of our tax dollars to them, but I don’t know what that is.

From Los Angeles Times

Buyers would transfer payments into the accounts, in some cases for the full purported purchase price.

From Los Angeles Times