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.
Word by Word Definitions
: subject to or available for disposal
: remaining to an individual after deduction of taxes and necessary living expenses
: designed to be used once or only a limited number of times and then thrown away
: something that is disposable
: 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
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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