Use For Administrative Transfer
In some federal systems the term can be also used to refer to payments from one order of to a government to another; for example in Canada, transfer payments usually refer to a system of payments from the federal government to the provinces. Major Canadian transfer payments include equalization payments, the Canada Health Transfer and the Canada Social Transfer (formerly the Canada Health and Social Transfer) and Territorial Formula Financing. Transfer payments are not a part of the national income so they are cut from national income to get n.n.p in order to arrive national income such payments are bad debts incurred by banks, payments of pensions, charity, scholarships etc. In the UK they have several transfer payments such as EMA and a job seeker's allowance.
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Famous quotes containing the word transfer:
“I have proceeded ... to prevent the lapse from ... the point of blending between wakefulness and sleep.... Not ... that I can render the point more than a point—but that I can startle myself ... into wakefulness—and thus transfer the point ... into the realm of Memory—convey its impressions,... to a situation where ... I can survey them with the eye of analysis.”
—Edgar Allan Poe (1809–1849)