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

Income in these statistics is measured simply as pre-tax money flowing in – wages, dividends, transfer payments, interest – as opposed to wealth, which is a stock of assets. Julie Heath, Cincinnati.com, "Region's Economy: The inequality conundrum," 27 Aug. 2019 This month, the cathedral is finally receiving its first transferred payment for the reconstruction, valued at 3.6 million euros. Christian Allaire, Vogue, "The Billionaires Who Pledged to Rebuild Notre Dame Haven’t Paid a Cent," 18 June 2019 Pérez Vizcaíno allegedly transferred payments from the financier of the assassination plot, Alberto Miguel Rodriguez Mota, to the hit men. Michael Mccann, SI.com, "Arrests Shed New Light on David Ortiz Shooting as Search for Answers Continues," 18 June 2019 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

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 2019

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The first known use of transfer payment was circa 1945

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