means test
Speech parts
1. means test - Noun
2. means test - Verb
Meaning
an inquiry into the financial position of someone applying for financial aid
Source: WordNetAlternative names
means-test
Synonyms
Hypernyms
Examples
There was no welfare state, and people had to rely mainly on the Poor Law - that was all the state provided. It was very degrading, very humiliating. And there was a means test for receiving poor relief.
If that sounds a little outside the box, says Grove, consider that nations like Finland and South Korea “already have divisions of their legislative body which require they have a futures means test for whatever they’re going to do.”
If the results of the means test show no disposable income (or in some cases a very small amount) then the individual qualifies for Chapter 7 relief.
These are non-contributory benefits given for whole sections of the population without a means test, such as family allowances or the public pension in New Zealand (known as New Zealand Superannuation).
Several countries have special schemes, administered with no requirement for contributions and no means test, for people in certain categories of need: for example, veterans of armed forces, people with disabilities and very old people.
The "means test" is employed in cases where an individual with primarily consumer debts has more than the average annual income for a household of equivalent size, computed over a 180-day period prior to filing.