transfer payment
3
4.5
- noun
- /ˈtrænsfɜr ˈpeɪmənt/
- Formal
:
pago de transferencia
- All the government pensions and transfer payments are indexed for inflation; tax brackets are not.
- welfare transfer payment
- income transfer payments
- transfer payments to individuals
Examples
-
Besides, most of what the government does these days is orchestrate transfer payments.
Blog text (9) -
The country is reliant upon transfer payments from abroad and foreign aid.
Blog text (20) -
The number of people heavily dependent on various sorts of transfer payments is increasing.
Academic text (1996) -
The federal government does have the power to make transfer payments; otherwise, it wouldn't be able to do it.
Blog text (33) -
As a result, most budget outlays now constitute transfer payments to individuals rather than payments for public goods.
Academic text (1997) -
Nonetheless, the people of Yuendumu have remained dependent on governmental funding and transfer payments to survive.
Academic text (1992) -
Florida not only receives enormous Social Security and Medicare transfer payments, but with Texas, it owns the government-funded space industry.
Academic text (2003) -
The stimulus was mainly spending to prop up profligate states and transfer payments to lower-income people.
Blog text (7) -
Last year, my friend received transfer payments from the government to help with his unemployment.
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Many families rely on transfer payments for financial support during challenging times.
Surface Forms
Morphology
The meaning is largely compositional — 'transfer' (moving funds) + 'payment' (giving money) readily suggests a payment made by transferring money, so a B1 learner who knows both words would likely grasp the general idea. However, the technical policy nuance that these are government payments where no goods or services are received (welfare/benefit-type transfers) is specialized and not fully predictable from the constituents, so it is only partially transparent.
Etymology
Transfer payment comes from the idea of transfer, meaning moving money, and payment, meaning giving money. It describes when the government moves money to people, like pensions or unemployment help, without getting goods or services 'in return'.