transfer income UK US noun [C or U] UK (US transfer payment) FINANCE, GOVERNMENT, TAX
► money from the government in the form of benefits (= payments for people who cannot find a job or are too ill to work), subsidies (= money given to reduce the cost of producing food, a product, etc.), etc., paid for by taxes: »
Many households receive transfer income from the state.
»federal/government transfer payments
Financial and business terms. 2012.