Definitions for "Transfer Payment"
Payment made by the government or private sector of one country to another as a gift or aid, not as payment for any good or service nor as an obligation. Also called a unilateral transfer.
A payment of money or goods. A pure transfer is unrelated to the provision of any goods or services in exchange. Such payments alter the distribution of income, but do not directly affect the allocation of resources on the margin.
a public expenditure (as for unemployment compensation or veteran's benefits) that is not for goods and services
the income transferred from one citizen, who is earning income, to another citizen
a zero-sum exchange between one segment of society and another
a term used to describe the transfer of funds from the Government of Canada to a funding recipient