money received by an individual or family from the state or other body, often a pension or unemployment benefit. It is not reckoned when calculating the national income as it is money transferred rather than paid for merchandise or a service rendered
transfer payment in American English
a disbursement for which neither goods nor services have been given in return; specif., a disbursement by a government in the form of welfare or a subsidy
Examples of 'transfer payment' in a sentence
transfer payment
Strikers at benefit offices and Job centres can inconvenience people on low incomes and transfer payments.