Transfer payments definition
Examples of Transfer payments in a sentence
Transfer payments are payments from one group to another that do not affect total resources available to society.
Transfer payments in respect of members transferred to and from the Fund during the year are included in the Accounts in accordance with the transfer agreement.
Instead of the Withdrawals and Transfer payments provided in Section 8.2, the Contract Owner may direct Nationwide to withdraw all of the Guaranteed Fund on the Transfer Date, which will not be more than 90 days following receipt of the Contract Owner’s written request, in good order.
Transfer payments to a Funding Successor will be made on the Transfer Date, which will not be more than 90 days following receipt of Written Communication.
Transfer payments that become repayable as a result of conditions specified in the contribution agreement that have come into being are recorded as a reduction to transfer payment expense and as a receivable.