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TAKE THE QUIZtransfer 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
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Merriam-Webster unabridged
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- The business’s new computer system proved not to be a panacea.


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