transfer payment

noun

Definition of transfer payment

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

By the early 1990s, government spending and transfer payments ballooned to 70% of gross domestic product, and debt had increased to 80% of GDP. Jesús Fernández-villaverde And Lee E. Ohanian, WSJ, "How Sweden Overcame Socialism," 9 Jan. 2019 Since most other Americans buy private health insurance and pay for their own care, by any logical definition U.S. Medicare and Medicaid expenditures are transfer payments, which significantly alter income distribution. WSJ, "The OECD’s View of U.S. Inequality Is Mistaken," 28 Aug. 2018 Bernie Sanders, the Vermont socialist and likely presidential candidate in 2020, has introduced the Stop Bezos Act that would tax Amazon to finance government transfer payments like food stamps. The Editorial Board, WSJ, "Amazon’s $15 Political Insurance," 2 Oct. 2018 These tax and transfer payments have also demonstrably boosted the incomes of families whose market income — wages, salary, and tips alone — have stagnated. Mark Schmitt, Vox, "Why did Bernie Sanders’s Stop BEZOS legislation draw so much resistance?," 18 Sep. 2018 When all transfer payments and taxes are counted, the U.S. redistributes a larger share of its disposable income than any country other than France. Phil Gramm And, WSJ, "The Myth of American Inequality," 9 Aug. 2018 In other words, the top quintile’s share of earnings was 26 times that of the bottom quintile, but after taxes and transfer payments its share of spendable income was only three times as much. Phil Gramm And, WSJ, "How Income Equality Helped Trump," 24 June 2018 The Trump administration’s decision to halt federal health insurance transfer payments will lead to uncertainty and market disruption, insurers say. Stephen Singer, courant.com, "Insurers See 'Uncertainty' From Trump Administration Payment Halt," 9 July 2018 Demand more money for more transfer payments while letting actual public assets like the subways and housing rot from perverse incentives and lack of attention. The Editorial Board, WSJ, "America’s Progressive Slumlord," 14 June 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'transfer payment.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of transfer payment

circa 1945, in the meaning defined at sense 1

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Last Updated

28 Mar 2019

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The first known use of transfer payment was circa 1945

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