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Basic income
Meaning
Noun
●
Ellipsis of
universal basic income
; a form of
social security
in which all
citizens
or
residents
of a
jurisdiction
receive
a
sum
of money,
regularly
and unconditionally.
●
Ellipsis of
guaranteed
basic income
; a form of
social security
in which all
citizens
or
residents
of a
jurisdiction
are
guaranteed
to have an
income
level at or above the set
basic income
cut-off
level, whereby the government will top-off
incomes
falling
below the line
, to
reach
the
limit
. Those
falling
above the line
would not
receive
payments.
Sourced from
Wiktionary
Synonyms
Universal Basic Income
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