Examlex
Which of the following is the third step in the decision-making process?
Means Test
A method used to determine an individual's eligibility for certain types of financial aid or social services, based on their income and assets.
Bankruptcy Provisions
Legal clauses and rules that outline the process and consequences of declaring bankruptcy, including the discharge of debts and the liquidation of assets.
Median Income
The middle value of a set of incomes, dividing the income distribution into two equal groups, with half earning more and half earning less.
Chapter 7
A provision under the U.S. Bankruptcy Code involving the liquidation of a debtor's property to pay off creditors.
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