Transfer Payments


Definition of "Transfer payments"

Roger Sherman real estate agent
Roger Sherman ExecuHome Realty

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.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Personal Income

Measurement of income received by households from employment, self-employment, or investment and transfer payments, as provided monthly by the United ...

Backdating

Calculation of insurance premiums based on an age less than the current age of the insured. ...

Secured Creditor

Creditor with a documented claim on a specific asset of a debtor. ...

Cancellation

Same as term Cancellation Provision Clause: provision permitting an insured or an insurance company to cancel a property and casualty or a health insu ...

Life Insurance Illustrations Model Regulation

Regulation set forth by the national association of insurance commissioners (naic) to govern life insurance sales illustrations. Includes the followin ...

Loss Of Income Insurance

Coverage in property insurance for an employee's lost income if a peril such as fire damages or destroys the place of employment, causing the worker t ...

Popular Real Estate FAQ

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Short-term Lease Pros and Cons Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value Moving Tips: House Relocation Stress Free Increase Your Home Value With These Home Improvement Ideas

FAQ

What is a second mortgage? What is flood insurance? What if the computer I want to insure is homemade or custom-built? Do I need Life Insurance? What is the difference between a real estate broker and a real estate agent?