equalization payments
equalization payments is the plural of equalization payment.
Meaning of equalization payment
Noun
equalization payment (plural equalization payments)
- 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.
- Ontario may soon be classed as a "have-not" province and receive equalization payments for the first time in its history.2008 February 26, “Opinion: Ontario to join "have-nots"?”, in National Post, Canada, retrieved 21 Oct 2015
- Synonyms:
- transfer payment
- In a divorce agreement, a payment made by one spouse to the other in order to create an equal division of assets.
- The court set aside a trial judge's decision from 2007 that required Harold Serra to make an "equalization payment" of $3.3 million to his former wife.2009 February 5, Tracey Tyler, “Hard times alter rules on divorce, court says”, in Toronto Star, Canada, retrieved 21 Oct 2015
Questions about equalization payments
- What is equalization payments the plural of?
- Equalization payments is the plural of equalization payment.
Words near equalization payments in the dictionary
Source and license
Adapted from Wiktionary: equalization payments (page history and authors); equalization payment (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
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Cite this entry: “equalization payments.” Word.ws, https://word.ws/equalization_payments. Based on Wiktionary, CC BY-SA 4.0.
