Transfer Payment


Also found in: Dictionary, Thesaurus, Wikipedia.
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 ?
In the next step, the central government will further improve the transfer payment system in accordance with the relevant spirit of the party's 19th National Congress on establishing a market-oriented and diversified ecological compensation mechanism, increase support, improve the efficiency of capital use, and promote the public in key ecological functions.
"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."
Although the lower interest rates mitigate the contraction from the transfer payment decrease, they by no means eliminate the contraction.
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. Point i will lie to the left of h.
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.
The Budget Arrangements Law for fiscal 2008 contains several decisions affecting women receiving transfer payments:
The main reason is the decline in transfer payments to households.
On 11 October, the European Parliament's Economic and Monetary Affairs Committee approved the own-initiative report by Karla Peijs (EPP-ED, NL) which calls on the European Commission to amend the Directive on cross-border transfer payments in order to reduce the maximum time limit for retail payments between Member States and increase the reimbursement guarantee to Euro 50,000.
In this report, the Canadian Community College Association (CCCA) offers its rationale for urging the government of Canada to increase transfer payments to the provinces in support of postsecondary education by $2 billion per annum, as well as making an additional increase in transfer payments that would contribute to the future expansion of postsecondary capacity in Canada.