transfer payments


Money given by the government to its citizens. Examples include Social Security, unemployment compensation, welfare, and disability payments.

Use transfer payments in a sentence

I was glad there were transfer payments going on because I felt like the government owed it to the people.

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You should always know exactly how much your transfer payments will be so that you can budget your money properly.

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Since John had retired, he would receive on the first Friday of every month Transfer Payments. These funds were needed for him to get by month to month.

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transfer on death (TOD) invisible account