TRANSFER PAYMENT


Meaning of TRANSFER PAYMENT in English

1. any payment made by a government for a purpose other than that of purchasing goods or services, as for welfare benefits.

2. any money received that is neither a payment for goods or services nor investment income.

[ 1940-45 ]

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .