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- DictionaryTrans·fer pay·ment/tran(t)sˈfər/
noun
- 1. a payment made or income received in which no goods or services are being paid for, such as a benefit payment or subsidy.
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- transfer payment
Governmental wealth redistribution
In macroeconomics and finance, a transfer payment is a redistribution of income and wealth by means of the government making a payment, without goods or services being received in return. These payments are considered to be non-exhaustive because they do not directly absorb resources or create output. Examples of transfer payments include welfare, financial aid, social security, and government sub... Wikipedia
