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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
| Based on Merriam-Webster's Dictionary of Law ©2001. Merriam-Webster, Incorporated Published under license with Merriam-Webster, Incorporated. http://www.m-w.com |
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common-law lien
a lien under common law giving a creditor (as a bailee) in possession of property the right to retain possession until payment of the amount due
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