means test

Definition of "means test"
  1. A formula used in bankruptcy situations to assess if a debtor, earning more than average household income for their state, is eligible to declare bankruptcy, or qualifies for public aid due to inability to pay
How to use "means test" in a sentence
  1. After losing his job, he had to undergo a means test to qualify for financial aid.
  2. The bankruptcy court will conduct a means test to evaluate if she can file for bankruptcy.
  3. He failed the means test, thus he was not considered for the requested public assistance.

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