Transfer Payment


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Related to Transfer Payment: transfer earnings

Transfer Payment

Money that a government gives to individuals, usually through a social welfare program. For example, elderly people in the United States who have paid FICA taxes for a certain number of years receive a Social Security check from the government every month. This is a transfer payment. Another type of transfer payment is money given to a state or province with the proviso that it will fund the state or province's social welfare programs. For example, under the Personal Responsibility and Work Opportunity Reconciliation Act in the United States, each state receives a certain amount of money from the federal government to fund welfare and similar programs for the poor.
References in periodicals archive ?
By integrating SEPA Direct Debit in PW Local, international businesses will now be able to effortlessly handle all euro bank transfer payments within the SEPA zone.
1% of the average number of jobs per quarter from the base run; Average number of people unemployed is 680,000 more; Sum of transfer payment decrease is $3.
The key trend in terms of personal income composition has been the steady growth in transfer payments at the expense of earnings over the past forty years.
Point i will be a point on country A's free trade offer curve after the transfer payment.
Maintenance of financial metrics at currently satisfactory levels, including the return of transfer payments to the policy stated amount.
Combine that with an increase in low-income Montana families qualifying for Medicaid and generally rising costs for health services, and you get an alarming 32 percent increase in medical transfer payments in one recent four-year period.
The province, meanwhile, is faced with a burgeoning deficit, income tax and transfer payment revenue shortages and escalating expenditures.
Shoppers will make their bank transfer payment to that virtual account number at their bank and because this account number will be uniquely generated each order, incoming order payments will be matched on it, thus eliminating the need to match on the reference number.
Earlier this year, OUC and the City of Orlando (implied GO rating of 'AA+' by Fitch) reached an agreement whereby OUC will increase its transfer payment to the city for the upcoming fiscal year (by approximately $14 million or 25%).
Andre-Marc van der Wulp of Belbios, the first merchant to have processed a successful iDEAL pre-pilot transaction in The Netherlands says:"Real-time bank transfer payment methods such as iDEAL are very attractive, because just like credit cards, they enable an immediate authorization of the payment, but unlike credit cards, they do not have any charge-back risk.
Prior to 1999, current transfer payments to the rest of the world