transfer payment

noun

: a public expenditure made for a purpose (such as unemployment compensation) other than procuring goods or services

—usually used in plural

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

Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.

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

Word History

First Known Use

circa 1945, in the meaning defined at sense 1

Time Traveler

The first known use of transfer payment was circa 1945

See more words from the same year

Cite this Entry

Style

“Transfer payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/transfer%20payment. Accessed 22 Nov. 2024.

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