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 Yet history has shown that economic growth reduces poverty (see China under Deng Xiaoping) far more successfully than welfare transfer payments (see the U.S. war on poverty or the European welfare state). Grover G. Norquist, Foreign Affairs, 24 Oct. 2012 Abundance isn’t achieved by the same old subsidies or tax breaks for special interests, price controls or spending loads of taxpayer money on transfer payments. Veronique De Rugy, Orange County Register, 11 July 2024 As Moss has written, as of 2009, some 60 developing countries, including Botswana, Brazil, India, Mexico, and Panama, have made regular direct transfer payments to approximately 170 million people. Larry Diamond, Foreign Affairs, 1 Sep. 2013 However, expanding transfer payments to reduce the poverty rate was simply a mathematical achievement. Angela Rachidi, National Review, 8 Jan. 2024 See all Example Sentences for transfer payment 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'transfer payment.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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

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 20 Sep. 2024.

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