TeachMeFinance.com - explain transfer payments
transfer payments --Payments made to an individual or organization for which no current
or future goods or services are required in return. Federal transfer payments include welfare, Social
Security, and unemployment benefits.
About the author
Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.