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

Table of Contents
Transfer Payment (Economics Term) References

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
Britannica Money

[Page 96-97]

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Transfer Authority

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Treasury Security

See Also
Is it a Gift or a Grant? | Office of Research and Sponsored ProgramsAccounting Voucher: Format & Types of Vouchers - GeeksforGeeksU.S. Representative Henry CuellarWhat is a Cash Voucher?
§022t. (GAO) Transfer Payment (Economics Term) (2024)

References

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