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discretionary income
Definition of discretionary income
: income that is left after paying for things that are essential, such as food and housing She has enough discretionary income to pay for a nice vacation each year.
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Word by Word Definitions
discretionaryplay
: left to individual choice or judgment : exercised at one's own discretion
: available for discretionary use
See the full definition of discretionary
incomeplay
: 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
See the full definition of income
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