basic income requirement
noun phraseUK /ˈbeɪ.sɪk ˈɪn.kʌm rɪˈkwaɪə.mənt/
US /ˈbeɪ.sɪk ˈɪn.kʌm rɪˈkwaɪr.mənt/
The smallest amount of money a person must earn to get something or to be allowed to do something.
The basic income requirement for the apartment is proof of a steady job.
OTHER MEANINGS
2. The minimum earnings a household needs to qualify for a loan or mortgage.
Banks often set a basic income requirement before approving a home loan.
3. A guaranteed minimum payment a government gives every citizen, regardless of work.
Supporters say a basic income requirement would lift families out of poverty.
4. The lowest pay level an employer must offer under a labor agreement.
The union contract sets a basic income requirement for all new hires.