Examlex
A dues checkoff provision means that the employer can keep the monies deducted as dues from the pay of employees who did not join the union.
Means Test
A method for determining eligibility for certain types of financial assistance based on the individual's income and assets.
Median Income
The middle value of income in a given population, wherein half of the population earns more and half earns less.
Chapter 7 Bankruptcy
A provision of bankruptcy law that allows individuals and businesses to discharge their debts by liquidating assets, providing a fresh start.
Liquidation Bankruptcy
A type of bankruptcy proceedings where a debtor's assets are sold off to pay creditors, primarily under Chapter 7 of the Bankruptcy Code.
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