noun Date: circa 1945 a public expenditure made for a purpose (as unemployment compensation) other than procuring goods or services, money (as welfare payments) that is received by individuals and that is neither compensation for goods or services currently supplied nor income from investments
TRANSFER PAYMENT
Meaning of TRANSFER PAYMENT in English
Merriam Webster. Explanatory English dictionary Merriam Webster. Толковый словарь английского языка Мерриам-Уэбстер. 2012