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Universal Credit is a United Kingdom social security payment. It is means-tested and is replacing and combining six benefits, for working-age households with a low income: income -related Employment and Support Allowance, income-based Jobseeker's Allowance, and Income Support; Child Tax Credit and Working Tax Credit; and Housing Benefit.
Universal Credit is a single benefit payment for working-age people. It was introduced in 2013 to replace a range of different benefits for unemployed and low-paid people and the aim was to make ...
Universal Credit is the main welfare benefit in the UK and it is currently claimed by 5.8 million people - a mixture of people both in and out of work. When it was launched in 2013, the government ...
Universal default is a now-banned practice in the United States financial services industry whereby a creditor would change the terms of a loan from the normal terms to the default terms (i.e. the terms and rates given to those who have missed payments on a loan) when that lender is informed that their customer has defaulted with another unrelated lender, even though the customer has not ...
Universal credit card. A Universal Card was a concept in the early 2010s for an electronic card with the same form factor as a magnetic stripe card that was capable of emulating any magnetic stripe data card. Data would be stored either in the card, or on a smart phone that communicates with it. [1] It would allow consumer to consolidating ...
Universal basic income ( UBI) [note 1] is a social welfare proposal in which all citizens of a given population regularly receive a minimum income in the form of an unconditional transfer payment, i.e., without a means test or need to work. [2] [3] [4] In contrast a guaranteed minimum income is paid only to those who do not already receive an ...
Universal Credit Corporation. The Universal Credit Corporation (UCC) was a car financing entity for Ford cars that existed in the US in the 1930s. It was established in 1928 and was capitalised by Ford in conjunction with the Union Guardian Trust Company of Detroit. It was set up in response to GMAC (now Ally Financial) through the efforts of ...
Scottish Child Payment provides support for families on low incomes with children under 16 years old and in receipt of certain means-tested benefits, such as Universal Credit, Jobseeker's Allowance, Employment and Support Allowance, and certain legacy benefits.