Reference meaning
equalization payment
Last updated
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.
Other meanings
2. noun
In a divorce agreement, a payment made by one spouse to the other in order to create an equal division of assets.
Source and scope
This definition is reproduced from English Wiktionary, sense en-equalization_payment-en-noun-85otXMGy, under the CC BY-SA 4.0. It has not yet received VocabularyBase editorial review. Read the source and license details.