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disposable income

Definition of disposable income

  1. :  income that is left after paying taxes and for things that are essential, such as food and housing <I don't have enough disposable income to buy such luxuries.>



Word by Word Definitions

disposableplay
  1. :  subject to or available for disposal

    :  remaining to an individual after deduction of taxes and necessary living expenses

    :  designed to be used once and then thrown away

  1. :  something that is disposable

incomeplay
  1. :  a coming in :  entrance, influx

    :  a gain or recurrent benefit usually measured in money that derives from capital or labor

    :  the amount of such gain received in a period of time


Law Dictionary

disposable income

noun dis·pos·able income

Legal Definition of disposable income

  1. :  income available for disposal: as a :  the income remaining to an individual after deduction of taxes b :  the income of a debtor in bankruptcy that is not necessary to support the debtor or the debtor's dependents




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