Surplus income
Income left after reasonable essential living expenses. In bankruptcy it may be used to assess whether contributions should be made to the estate.
Related terms
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Disposable income
Income left after reasonable essential living costs and priority commitments have been paid.
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Income contributions
Payments made from surplus income into an insolvency or debt arrangement where the rules require or permit them.
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Income and expenditure
A breakdown of money coming in and essential spending going out, used to assess affordability and realistic repayment capacity.
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