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

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 The delivery of health care is left up to the provinces and territories, which each have their own insurance plans and receive transfer payments from the federal government. Amanda Coletta, Washington Post, "Canada’s health-care system is a point of national pride. But a study shows it’s at risk of becoming outdated.," 23 Feb. 2018 The answer is that modern progressives prefer doling out transfer payments to voters and public workers rather than make long-term investments in subway cars, tunnels and bridges. The Editorial Board, WSJ, "If You’re Riding Through Hell . . .," 14 July 2017 The nonprofit distributor also helps some shops in neighborhoods that aren’t in food deserts but are at risk of losing customers who use electronic benefit transfer payments, more commonly known as EBTs. Gary Warth, sandiegouniontribune.com, "SDSU students bring produce to 'food desert'," 17 Oct. 2017 The drop in program expenses reflected a number of factors including lower infrastructure transfer payments, the finance department said in the report. Josh Wingrove, Bloomberg.com, "Trudeau’s Spilling Less Red Ink Than Planned, But Only For Now," 19 Sep. 2017 Mobile money — using a mobile phone to transfer payments — is also mainstream in many places and is a lifesaver for people who don’t have the option of bank transfers. Dionne Searcey, New York Times, "The Technology Our West Africa Bureau Chief Relies On," 30 Aug. 2017 This is possible if all current forms of messy government transfer payments (Social Security, Medicare, Medicaid, etc.) were substituted for a single, electronic cash payment to each qualifying citizen’s bank account. WSJ, "The Siren Allure of a Universal Basic Income," 22 Aug. 2017

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

12 Sep 2018

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Time Traveler for transfer payment

The first known use of transfer payment was circa 1945

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Britannica.com: Encyclopedia article about transfer payment

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