In economics, a transfer payment (or government transfer or simply transfer) is a redistribution of income in the market system. These payments are considered to be non-exhaustive because they do not directly absorb resources or create output. In other words, the transfer is made without any exchange of goods or services. Examples of certain trans...
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http://en.wikipedia.org/wiki/Transfer_payment
Payment made by the government or private sector of one country to another as a gift or aid, not as payment for any good or service nor as an obligation. Also called a unilateral transfer.
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http://www-personal.umich.edu/~alandear/glossary/t.html
(from the article `government budget`) ...categories. The first is the government purchase of goods and services in order to provide services such as education, health care, or defense. ...
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http://www.britannica.com/eb/a-z/t/71
Payment made from a pension scheme to another pension scheme, in lieu of benefits which have accrued to the member, to enable the receiving scheme to provide alternative benefits. The amount transferred is known as the transfer value.
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http://www.encyclo.co.uk/local/20174
[
n] - a public expenditure (as for unemployment compensation or veteran`s benefits) that is not for goods and services
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http://www.webdictionary.co.uk/definition.php?query=transfer%20payment
noun a public expenditure (as for unemployment compensation or veteran`s benefits) that is not for goods and services
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https://www.encyclo.co.uk/local/20974
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