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

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 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 But a study shows it’s at risk of becoming outdated.," 23 Feb. 2018 The answer is that modern progressives prefer doling out transfer payments to voters and public workers rather than make long-term investments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

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

17 Jan 2019

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Time Traveler for transfer payment

The first known use of transfer payment was circa 1945

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More from Merriam-Webster on transfer payment

Britannica.com: Encyclopedia article about transfer payment

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