equalization payment

noun

Meaning

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.
In a divorce agreement, a payment made by one spouse to the other in order to create an equal division of assets.

Etymology / origin

No prose etymology has been added yet.

No ancestor words have been linked yet.

Related words

isolation pay(English)equalization(English)ralph bucks(English)equality money(English)public assistance(English)quarterage(English)benefit(English)basic income(English)

Descendant words

No descendant words have been linked yet.

Sources

DictionaryAPI.dev English dictionary data