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term:
Disposable Income
disposable income n
: 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
Source: Merriam-Webster’s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.