Electronic Benefit Transfer

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Definition: Electronic Benefit Transfer

Electronic Benefit Transfer

Quick Summary of Electronic Benefit Transfer

A system of distributing government benefits to households. The benefit is deposited to individual accounts and the beneficiaries can claim it through the use of a debit card. Food stamps and cash benefits are among the most common electronic benefit transfers. This type of transfer has been used in the US since 2004.

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Synonyms For Electronic Benefit Transfer

EBT

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/electronic-benefit-transfer/
Modern Language Association (MLA):
Electronic Benefit Transfer. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 16, 2024 https://payrollheaven.com/define/electronic-benefit-transfer/.
Chicago Manual of Style (CMS):
Electronic Benefit Transfer. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/electronic-benefit-transfer/ (accessed: April 16, 2024).
American Psychological Association (APA):
Electronic Benefit Transfer. PayrollHeaven.com. Retrieved April 16, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/electronic-benefit-transfer/

Definition Sources

Definitions for Electronic Benefit Transfer are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.