transfer income
noun [C or U] UK (US transfer payment) FINANCE, GOVERNMENT, TAXDefinition
› money from the government in the form of benefits (= payments for people who cannot find a job or are too ill to work), subsidies (= money given to reduce the cost of producing food, a product, etc.), etc., paid for by taxes: Many households receive transfer income from the state. federal/government transfer payments
(Definition of transfer income noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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