How to pronounce “equalization payment”

Meaning

• [Noun]
• (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.

Practice Nearby Words

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Similar Sounds

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