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transfer payment


from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. A noncompensatory government payment to individuals, as for welfare or social security benefits.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A redistribution of income in the market system initiated by a government, such as welfare, social security, etc.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

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


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