English version

transfer payment

From Longman Business Dictionarytransfer paymentˈtransfer ˌpayment [countable] American EnglishFINANCE in the US, money given to people by the government which is neither wages, nor payment for goods or services. For example, SOCIAL SECURITY payments are transfer paymentsThe recession means consumers have been forced to rely more on government transfer payments and interest income. payment
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