equalization payment
(Canada, government) 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
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(Canada, government) 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.
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(Canada, legal) In a divorce agreement, a payment made by one spouse to the other in order to create an equal division of assets.
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- have-not province68%
(Canada) A province that receives equalization payments.
- have province66%
(Canada) A province that does not receive equalization payments.
- equality money60%
(UK, property law) Money paid as part of an exchange of real estate to compensate for any difference in value.
- e-transfer55%
(Canada, finance) To transfer funds electronically between bank accounts.