Transfer-payment
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.
transfer payment
noun
1.
(usually pl) 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
transfer payment definition
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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