Equalization Payment Definition

noun

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.

Wiktionary

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

Wiktionary

Other Word Forms of Equalization Payment

Noun

Singular:
equalization payment
Plural:
equalization payments

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