Word info Synonyms

equalization payment

Noun

Meaning

(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.

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

Source: en.wiktionary.org

Synonyms

Close letter words and terms