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transfer payment

noun

Definition of transfer payment

  1. 1 :  a public expenditure made for a purpose (as unemployment compensation) other than procuring goods or services —usually used in plural

  2. 2 plural :  money (as welfare payments) that is received by individuals and that is neither compensation for goods or services currently supplied nor income from investments



Circa 1945

First Known Use of transfer payment

circa 1945


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