transfer payment

transfer payment definition - business

transfer payment

A payment by an individual or organization for which no good or service is received. Medicaid payments by government to low-income individuals are examples of transfer payments.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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