A payment made or income received in which no goods or services are being paid for, such as a benefit payment or subsidy.
- It is possible for one party to request a transfer payment into their own pension arrangement over which they would have more control, such as deciding on the investments of the pension fund.
- Perhaps because its population is larger than that of all of the other transfer payment receiving provinces combined.
- If the inequity is of concern, then a transfer payment could be made to compensate low-income households for their greater costs.
For editors and proofreaders
Line breaks: trans|fer pay|ment
Definition of transfer payment in:
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.