disposable income

noun

Definition of disposable income 

: 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.

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disposable income

noun
dis·pos·able income

Legal Definition of disposable income 

: 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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