§022t. (GAO) Transfer Payment (Economics Term) (2024)

Table of Contents
Transfer Payment (Economics Term)

GAO Glossary of Terms and Definitions (September 2005)

Transfer Payment

(Economics Term)

A payment made for which no current or future goods or services are required in return. Government transfer payments include Social Security benefits, unemployment insurance benefits, and welfare payments. Taxes are consideredtransfer payments. Governments also receive transfer payments in the form of fees,fines, and donations from businesses and persons. (See also National Income and Product Accounts.)

See Also
What is the difference between transfer and pay?

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See Also
How To Transfer Money From One Bank to Another (2024)Different types of money transfer:  NEFT, RTGS, IMPS and moreDifference Between IMPS, NEFT & RTGS - Charges & LimitsIs It Safe to Share Your Sort Code and Account Number?
§022t. (GAO) Transfer Payment (Economics Term) (2024)
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