transfer payment

noun

1
: a public expenditure made for a purpose (such as unemployment compensation) other than procuring goods or services
usually used in plural
2
transfer payments plural : money (such as welfare payments) that is received by individuals and that is neither compensation for goods or services currently supplied nor income from investments

Examples of transfer payment in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The biggest part of that money goes out as, well, money: transfer payments for entitlements and welfare programs and aid to states. Chris Stirewalt, The Hill, 11 Feb. 2025 Such transfer payments are the norm at many universities, but not in Chapel Hill. Zachery Eanes, Axios, 13 Mar. 2025 In 2024, more than 1.43 million families in Yemen received humanitarian cash transfer payments. Sarah Ferguson, Forbes, 20 Mar. 2025 The majority of the cash influx instead went on the final costs of extending the Anfield Road End and meeting those significant transfer payments. Chris Weatherspoon, The Athletic, 20 Mar. 2025 See All Example Sentences for transfer payment

Word History

First Known Use

circa 1945, in the meaning defined at sense 1

Time Traveler
The first known use of transfer payment was circa 1945

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Cite this Entry

“Transfer payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/transfer%20payment. Accessed 22 Apr. 2025.

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