transfer payment vs outgo

transfer payment and outgo both are nouns.

Word	Noun	Adjective	Verb	Adverb
transfer payment	Yes	No	No	No
outgo	Yes	No	Yes	No

As nouns, outgo is a hypernym of transfer payment; that is, outgo is a word with a broader meaning than transfer payment:

transfer payment: a public expenditure (as for unemployment compensation or veteran's benefits) that is not for goods and services
outgo: money paid out; an amount spent

Other hypernyms of transfer payment include expenditure, outlay, spending.

transfer payment (noun)	outgo (noun)
a public expenditure (as for unemployment compensation or veteran's benefits) that is not for goods and services	money paid out; an amount spent

transfer payment (verb)	outgo (verb)
	be or do something to a greater degree