transfer payment

noun

1
: a public expenditure made for a purpose (such as unemployment compensation) other than procuring goods or services
usually used in plural
2
transfer payments plural : money (such as welfare payments) that is received by individuals and that is neither compensation for goods or services currently supplied nor income from investments

Examples of transfer payment in a Sentence

Recent Examples on the Web As Moss has written, as of 2009, some 60 developing countries, including Botswana, Brazil, India, Mexico, and Panama, have made regular direct transfer payments to approximately 170 million people. Larry Diamond, Foreign Affairs, 1 Sep. 2013 However, expanding transfer payments to reduce the poverty rate was simply a mathematical achievement. Angela Rachidi, National Review, 8 Jan. 2024 Success has come almost entirely from government transfer payments to poor households, not from improvements in the foundational aspects of a flourishing life. Angela Rachidi, National Review, 8 Jan. 2024 Pandemic transfer payments and student-loan forbearance ended this year, but the employee retention tax credit (ERC) is a Covid giveaway that keeps on giving. The Editorial Board, WSJ, 27 Dec. 2023 Personal income in California, Illinois and New York declined in 2022 for the first time since 2009 as Covid transfer payments ebbed. The Editorial Board, WSJ, 4 Oct. 2023 The size of benefit for some government transfer payments such as food stamps and Medicaid are raised using other mechanisms, but eligibility for those programs is determined by comparing household income levels to Federal Poverty Levels that are automatically adjusted for inflation. John Early, National Review, 14 July 2023 The credit was born as a $500 per-child benefit for middle-income families, but has since degenerated into one more cash transfer payment. The Editorial Board, WSJ, 28 Nov. 2022 But scammers are skilled at persuading job seekers to move their conversations to phone calls, conduct interviews over Skype or transfer payments using peer-to-peer cash transfer apps instead of Upwork's payment processing system. NBC News, 20 Mar. 2020

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'transfer payment.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

circa 1945, in the meaning defined at sense 1

Time Traveler
The first known use of transfer payment was circa 1945

Dictionary Entries Near transfer payment

Cite this Entry

“Transfer payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/transfer%20payment. Accessed 20 Jun. 2024.

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