English Explanatory Dictionary

equalization payment

English dictionary entry

Meanings

noun
  1. Extra money transferred from the federal government to a province, drawn from general tax revenue and intended to redistribute some wealth from relatively prosperous provinces to relatively poor provinces.
  2. In a divorce agreement, a payment made by one spouse to the other in order to create an equal division of assets.

Word forms

equalization payment equalization payments

Synonyms

transfer payment
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