basic income

Ellipsis of universal basic income, a form of social security in which all citizens or residents of a jurisdiction receive a sum of money, regularly and unconditionally. [A form of social security, whereby all citizens or qualified residents, receive a sum of money on a regular schedule unconditionally.]

Ellipsis of guaranteed basic income, a form of social security in which all citizens or residents of a jurisdiction are guaranteed to have an income level at or above the set basic income cut-off level, whereby the government will top-off incomes falling below the line, to reach the limit; those falling above the line would not receive payments.