transfer payment

1. 1.

   a public expenditure (as for unemployment compensation or veteran's benefits) that is not for goods and services

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Questions about transfer payment

What does transfer payment mean?

transfer payment means "a public expenditure (as for unemployment compensation or veteran's benefits) that is not for goods and services".

Is transfer payment a common word?

transfer payment is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.