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transfer payment

 

Definitions from WordNet

Noun transfer payment has 1 sense
  1. transfer payment - a public expenditure (as for unemployment compensation or veteran's benefits) that is not for goods and services
    --1 is a kind of
    outgo, expenditure, outlay

Definitions from the Web

Term: Transfer Payment

Description:

A transfer payment refers to a sum of money or asset transferred from one entity or individual to another without any goods or services being exchanged in return. It is typically made by a government or an organization with the purpose of redistributing income or providing financial assistance.

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Samples Sentences:

As a noun:

1. The government provides transfer payments to low-income individuals to help them meet their basic needs.

2. Social security benefits can be considered as transfer payments, as they are provided to eligible citizens without requiring any particular service in return.

As a verb:

1. The organization decided to transfer payment from one project to another to ensure both receive the necessary funding.

2. The court ordered the defendant to transfer payment to the plaintiff as compensation for damages caused.

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