disposable income
- Amount of money that remains after all necessary or fixed costs are paid, which can be used freely
- Remainder of money after an individual's taxes and other mandatory charges have been met
- Income that remains for a person facing bankruptcy, which is not required for their or their dependent's sustenance
- After paying mortgages and car installments, the disposable income of an individual can be used for vacations and entertainment.
- Tax cuts can leave a person with more disposable income at the end of the month.
- In a bankruptcy proceeding, the court considers the debtor's disposable income when determining a repayment plan.
Provide Feedback
