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

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

One analysis Kolko helped produce urged California to reexamine its welfare and transfer payment policies, along with its corporate tax structure to make it more competitive.

From Washington Post • Dec. 28, 2013