Glossary I-words SR 22-27 Dated 09/22 |
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.