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

Recent Examples of transfer payment from the Web

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.

First Known Use of transfer payment

circa 1945


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