meanings of Transfer payment definition of Transfer payment books about Transfer payment references on Transfer payment articles about Transfer payment dreams about Transfer payment
 Transfer payment - Definition 

In political science and economics, a transfer payment is a payment of money from a government to an individual, a group or another order of government for which nothing is directly required in return.

In Canada, transfer payments usually refer more specifically to a system of payments from the federal government to the provinces. Major Canadian transfer payments include equalization payments, the Canada Health Transfer and the Canada Social Transfer (formerly the Canada Health and Social Transfer) and Territorial Formula Financing.

Other examples of transfer payments might include welfare or scholarships.

External links

Copyright 2008 WordIQ.com - Privacy Policy  ::  Terms of Use  :: Contact Us  :: About Us
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Transfer payment".