Meaning Of The Word Transfer payment

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Transfer payment Meaning

Transfer payment Definition
Transfer payment Definition

What's The Definition Of Transfer payment?

transfer payment in American English
a disbursement for which neither goods nor services have been given in return; specif., a disbursement by a government in the form of welfare or a subsidy
noun: any payment made by a government for a purpose other than that of purchasing goods or services, as for welfare benefits

transfer payment in British English
noun: money received by an individual or family from the state or other body, often a pension or unemployment benefit. It is not reckoned when calculating the national income as it is money transferred rather than paid for merchandise or a service rendered

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