Transfer payment is a kind of payment that made by the Government not in exchange for goods and services-(salaries, building roads, hospitals, colleges etc.).
The payments such as made for pensions, scholarships, social aids, subsidies, interest payments for Treasury Bonds, grants to other countries, war amends e.t.c. are described as transfer payments.
2006-09-06 22:20:42
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answer #1
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answered by Saido 2
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My guess is you mean intrnational "transfer payments" as they appear in balance-of-payments statistics. There are two categories: private and public. The major component of private transfers is, I think, remittances by foreign workers to their families in their countries of origin. It also includes money taken in and out of the country by, respectively, immigrants and emigrants, at the time of migration. Public transfers are paymetns by the public sector such as foreign aid.
If you need exact info, get hold of a copy of the IMF's "Balance of Payments Manual". http://www.imf.org/external/np/sta/bop/biblio.htm#mg
2006-09-07 08:48:28
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answer #2
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answered by MBK 7
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refers to payments not given for a good or service, it can be used in various contexts, but the most typical one is payments from the government such as welfare, it is a 'transfer' of wealth from one inidividual (taxes) to another
2006-09-07 20:01:36
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answer #3
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answered by Korinne 1
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Not sure of what u mean, but i guess it s the paiement u do from ur account in ur bank to another account
2006-09-07 05:16:15
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answer #4
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answered by Rachel 1
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trasfering money from one source, to another, through the banc(check, money order, banc tranfer), an independent money order service, a credit card service, and so on
2006-09-07 06:36:46
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answer #5
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answered by adi dinca 2
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