What is another word for transfer payment?
Pronunciation: [tɹˈansfɜː pˈe͡ɪmənt] (IPA) 
Transfer payments refer to a type of financial assistance where money is transferred from one party to another without any corresponding service or good being exchanged. Some synonyms for transfer payment include government funds, social welfare, public assistance, financial aid, and subsidies. These financial support programs are designed to help individuals, households, or organizations who are in need of financial aid. Governments often provide transfer payments to support low-income families, unemployed individuals, or to assist in specific economic sectors such as agriculture or healthcare. Social welfare programs funded through tax revenues are intended to reduce poverty, inequality, and support the most vulnerable members of society.
