google bot detected Transfer Payments | Insurance Glossary |

Transfer Payments

Definition of "Transfer payments"

Redistribution of wealth by taking money from one group of individuals and allocating that sum to another group of individuals, social insurance is such a mechanism, since the high-income group of individuals will pay proportionately more in Social Security taxes and receive proportionately less in retirement income benefits than the low-income group of individuals.

Related Real Estate Glossary terms

Related Real Estate FAQ