Glossary I-words (FSM)

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Inaccessible Resources — resources not legally available to the individual.

Income — cash payments or in-kind benefits which are regular and recurring, or which are treated as available for use regardless of actual receipt, e.g., deemed income.

Income-in-Kind — goods, commodities, or services (such as meals, clothing, lodging) provided as a contribution or compensation for work instead of cash.

Individual Income — all available income received on behalf of or by one person.

Irrevocable Trust — a trust which cannot in any way be revoked by the grantor.

Institution — a facility that provides residents with the majority of meals (over 50% of three meals daily).