Means Test (Noun)
Meaning
An inquiry into the financial position of someone applying for financial aid.
Classification
Nouns denoting acts or actions.
Examples
- Students applying for the scholarship must undergo a means test to assess their family's financial situation.
- A means test is necessary to ensure that government assistance is given only to those who genuinely need it.
- The charity only provides aid to families who pass a thorough means test.
- In the midst of a financial crisis, the company was forced to introduce a means test for employees seeking assistance.
- Applicants for public housing must go through a means test to determine eligibility.