transfer payment
transfer payment
nounDefinition of TRANSFER PAYMENT
1
: a public expenditure made for a purpose (as unemployment compensation) other than procuring goods or services —usually used in plural
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
First Known Use of TRANSFER PAYMENT
circa 1945
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All Words Near: transfer payment
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