transfer payment

English - Turkish

Definition of transfer payment in English Turkish dictionary

Related Terms

transfer payments

transfer ödemeleri

wire transfer payment

banka havalesi ödeme

English - English

Definition of transfer payment in English English dictionary

A government or other payment for which the recipient renders no current services Social security, unemployment compensation and welfare benefits are the largest types of transfer payments

A non-compensatory government payment to individuals, as for welfare or social security benefits

A payment made without receiving any good or service in return Transfer payments transfer command over resources from one party to another without reducing or increasing the amount of resources available as a whole Taxes, duties, and subsidies are examples of items that, in some circumstances, may be considered to be transfer payments

Payment of a lump sum (Transfer Value) representing the value of an employee's accumulated pension rights, from one Pension Scheme to another Pension Scheme, or to a Buy Out Policy

State agency or higher education employees who transferred from PERS Plan 2 to PERS Plan 3 during the initial transfer window (March 1, 2002 - August 31, 2002) and earned service credit in June 2002, will receive a transfer payment equivalent to 110 percent of their PERS Plan 2 account balance Local government employees who transfer during the initial transfer window (September 1, 2002 - May 31, 2003) and have earned service credit in June 2002 or February of 2003, will receive a transfer payment equivalent to 111 percent of their PERS Plan 2 account balance Transfer payments will be made in June 2003

a grant of funds from the government to an individual (chapter 14)

a public expenditure (as for unemployment compensation or veteran's benefits) that is not for goods and services

A payment made from one pension scheme to another, or to an insurance company to purchase a buy-out policy, in lieu of the benefits which have accrued to the member under the scheme In this form, it specifically refers to transfers made under the preservation requirements of the Pensions Act Other payments from one scheme to another are usually called transfer value

Related Terms

transfer payments

tax money that the government gives which is not in exchange for services or goods

Hyphenation

trans·fer pay·ment

Turkish pronunciation

tränsfır peymınt

Pronunciation

/transˈfər ˈpāmənt/ /trænsˈfɜr ˈpeɪmənt/

Etymology

[ tran(t)s-'f&r, 'tran(t)s-" ] (verb.) 14th century. Middle English transferren, from Latin transferre, from trans- + ferre to carry; more at BEAR.