TRANSFER PAYMENT


Meaning of TRANSFER PAYMENT in English

transcription, транскрипция: [ noun ]

Date: circa 1945

1. : a public expenditure made for a purpose (as unemployment compensation) other than procuring goods or services — usually used in plural

2. plural : money (as welfare payments) that is received by individuals and that is neither compensation for goods or services currently supplied nor income from investments

Merriam-Webster's Collegiate English vocabulary.      Энциклопедический словарь английского языка Merriam Webster.