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.

​ Was this Helpful? YES  NO 6 people found this helpful.

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

​ Was this Helpful? YES  NO 7 people found this helpful.

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.

​ Was this Helpful? YES  NO 5 people found this helpful.

Show more usage examples...

Related Terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
transfer on death (TOD) invisible account