transfer payment

Definitions

Economics

  • 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.
  • abbreviationunilateral transfer
    (written as Transfer payment)
  • transfer payment.

Health Economics

  • (written as Transfer Payment)
    A transfer of purchasing power from one group (for example, taxpayers) to another (for example, health care beneficiaries). It is not to be confused with opportunity cost or transfer earnings since transfer payments do not measure the most highly valued alternative use of resources, whether human or non-human.
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