transfer payment


Definition of transfer payment

  1. 1 :  a public expenditure made for a purpose (such as unemployment compensation) other than procuring goods or services —usually used in plural

  2. 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

Circa 1945

First Known Use of transfer payment

circa 1945

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a brief usually trivial fact

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