transfer 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
Examples of transfer payment in a Sentence
Recent Examples on the Web
Chechen authorities receive roughly 85 percent of their state budget in the form of federal transfer payments from Moscow.
—
Neil Hauer, Foreign Affairs, 4 Feb. 2019
Fourth, in 2024, the central government will arrange transfer payments to local governments of more than 10 trillion yuan, of which balanced transfer payments will increase by 8.8%, and county-level basic financial guarantee mechanism reward and subsidy funds will increase by 8.6%.
—Brendan Ahern, Forbes, 14 Oct. 2024
The transfer payments are funded in part by taxpayers in rich blue areas.
—Jim Vandehei, Axios, 11 Oct. 2024
Much of this is transfer payments, but trillions of dollars are general expenditures.
—Jason Ma, Fortune, 1 Oct. 2024
See all Example Sentences for transfer payment 
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Neil Hauer, Foreign Affairs, 4 Feb. 2019
Fourth, in 2024, the central government will arrange transfer payments to local governments of more than 10 trillion yuan, of which balanced transfer payments will increase by 8.8%, and county-level basic financial guarantee mechanism reward and subsidy funds will increase by 8.6%.
—Brendan Ahern, Forbes, 14 Oct. 2024
The transfer payments are funded in part by taxpayers in rich blue areas.
—Jim Vandehei, Axios, 11 Oct. 2024
Much of this is transfer payments, but trillions of dollars are general expenditures.
—Jason Ma, Fortune, 1 Oct. 2024
See all Example Sentences for transfer payment
Dictionary Entries Near transfer payment
Cite this Entry
“Transfer payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/transfer%20payment. Accessed 29 Nov. 2024.
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