Financially independent definition

Financially independent means a person who has not been and will not be claimed as an exemption for federal income tax purposes under Section 152 of the Internal Revenue Code (26 U.S.C. 152) by another person, except his or her spouse, for the most recent tax year.
Sample 1Sample 2Sample 3
Financially independent means a person who has not been and will not be claimed as an exemption for federal income tax purposes under Section 152 of the Internal Revenue Code (26
Sample 1Sample 2Sample 3
Financially independent means a person who has not been and will not be claimed as an exemption, and has not received and will not receive financial assistance in cash or in-kind of an amount equal to or greater than that which will qualify him or her to be claimed as an exemption, for federal income tax purposes under Section 152 of the Internal Revenue Code (26 U.S.C. § 152) by another person, except his or her spouse, for the current calendar year and for the calendar year immediately prior to the date of matriculation or the date a person applies for reclassification as a resident student as provided in these regulations.
Sample 1Sample 2Sample 3

Examples of Financially independent in a sentence

  • Financially independent students who do not have a partner The income of the student is the income that will be assessed.

  • Financially independent full- time students must be able to demonstrate that they are not claimed as a dependent on anyone else's tax return and show financial self-sufficient status by means of verifying documentation such as tax returns and W-2s, and additional information to demonstrate financial independence.

  • Help me be Financially independent The variance relates to funding originated from a grant obtained from the government by Warmer Worcestershire via WCC to be spent on Park Homes insulation within the Bromsgrove District however there are currently no suitable projects to spend this grant therefore officers request that the budget is retained until suitable projects are available.

  • Financially independent residents must be able to demonstrate that they are not claimed as a dependent on anyone else's tax return and show financial self-sufficient status by means of verifying documentation such as tax returns and W-2s and additional information to demonstrate financial independence.

  • Financially independent, it can cover all costs for operation and maintenance, farming machinery, and fertilizers and chemicals with membership fees from farmers.

  • Financially independent students, who comprise 28.9% of the engineering student population at research universities, are excluded from this estimate.

  • At age eighteen Penn enrolled in Magdalen College, Oxford, but he never graduated.3 Financially independent because of his ancestry, he did not pursue an academic career.

  • Financially independent students should NOT complete this section of the petition.

  • The terms of this Promissory Note shall be construed according to the Federal statute and regulations governing the administration of the Nursing Student Loan program, copies of which shall be kept by the Institution.

  • Financially independent does not mean well off; 64% of black students are low income, while only 36% of white students are.


More Definitions of Financially independent

Financially independent means a person who has not been and
Sample 1Sample 2
Financially independent means a person who has not been and will not be claimed as an exemption, and has not received and will not receive financial assistance in cash or in-kind of an amount equal to or greater than that which will qualify him or her to be claimed as an exemption, for federal income tax purposes under Section 152 of the Internal Revenue Code (26 U.S.C.-
Sample 1

Related to Financially independent

  • Financially Evaluated Entity means the company which has been evaluated for the satisfaction of the financial requirement set forth in Clause 2.1.3 hereof;

  • Financially Literate means the ability to read and understand a set of financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of the issues that can reasonably be expected to be raised by the Corporation’s financial statements.

  • Socially and economically disadvantaged person means an individual who is a citizen or lawful permanent resident of the United States and who is Black, Hispanic, Native American, Asian, Female; or a member of another group or an individual found to be disadvantaged by the Small Business Administration pursuant to Section 3 of the Small Business Act.

  • Independently procured insurance means insurance procured under Section 31A-15-104.

  • Acutely mentally ill means a condition which is limited to

  • Controlled unaffiliated business means a company:

  • Politically Exposed Persons means:

  • Mentally ill means having a mental illness.

  • Legally Qualified Physician means a physician or a Christian Science Practitioner (a) other than an Insured, a Traveling Companion or a Family Member: (b) practicing within the scope of his or her license: and (c) recognized as a physician in the place where the services are rendered.

  • politically exposed person means a domestic politically exposed person, foreign politically exposed person or international organisation politically exposed person; and

  • Appraisal management company means a person or entity that (i) administers a network of

  • Technically Evaluated Entity means the company which has been evaluated for the satisfaction of the technical requirement set forth in Clause 2.1.2 hereof;

  • Supervised financial organization means a person, other than an insurance company or other organization primarily engaged in an insurance business:

  • Generally applicable environmental radiation standards means standards issued by the U.S. Environmental Protection Agency (EPA) under the authority of the Atomic Energy Act of 1954, as amended, that impose limits on radiation exposures or levels, or concentrations or quantities of radioactive material, in the general environment outside the boundaries of locations under the control of persons possessing or using radioactive material.

  • foreign politically exposed person means a natural person who is or has been entrusted with prominent public functions in a foreign country;

  • Sound means an oscillation in pressure, particle displacement, particle velocity or other physical parameter, in a medium with internal forces that cause compression and rarefaction of that medium. The description of sound may include any characteristic of such sound, including duration, intensity and frequency.

  • Insurable Crop means Barley, Camelina, Canary Seed, Canola, Flax, Hemp Grain, Mixed Grain, Brown Mustard, Oriental Mustard, Yellow Mustard, Oats, Fall Rye, Spring Rye, Spring Triticale, Winter Triticale, Canada Prairie Spring Wheat, Canada Northern Hard Red Wheat, Canada Western Special Purpose Wheat, Durum Wheat, Extra Strong Red Spring Wheat, Hard Red Spring Wheat, Hard Red Winter Wheat, or Soft White Spring Wheat (for milling or for ethanol).

  • Sexually oriented business means an adult arcade, adult bookstore or adult video store, adult cabaret, adult motel, adult motion picture theater, adult theater, escort agency, nude model studio, or sexual encounter center.

  • Socially and economically disadvantaged individual means any individual who is a citizen (or lawfully admitted permanent resident) of the United States and who is —

  • Skilled Nursing Facility means an institution or part thereof that is licensed as a Skilled Nursing Facility by the State of Florida, and is accredited as a Skilled Nursing Facility by The Joint Commission or recognized as a Skilled Nursing Facility by the Secretary of Health and Human Services of the United States under Medicare.

  • Fully insured means that 100 percent of the deposit amount is covered by an effective deposit insurance scheme. Deposit balances up to the deposit insurance limit can be treated as “fully insured”. However, any amount in excess of the deposit insurance limit is to be treated as ‘less stable’. For example, if a depositor has a deposit of BD 150,000 that is covered by a deposit insurance scheme, which has a limit of BD 100,000, where the depositor would receive at least BD 100,000 from the deposit insurance scheme if the bank were unable to pay, then BD 100,000 would be considered “fully insured” and treated as stable deposits, while BD 50,000 would be treated as less stable deposits.

  • Lower explosive limit (LEL) means the concentration of a compound in air below which a flame will not propagate if the mixture is ignited.

  • Ultimate Parent Company means a company which owns at least twenty six percent (26%) equity in the Bidding Company or Member of a Consortium, (as the case may be) and in the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) and such Bidding Company or Member of a Consortium, (as the case may be) and the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) shall be under the direct control or indirectly under the common control of such company;

  • Parent Companies means, collectively, (i) Charter, (ii) Charter Holdings, (iii) Charter Communications Holding Company, LLC, a Delaware limited liability company, and (iv) CCH II.

  • Stinger-steered automobile or watercraft transporter means an automobile or watercraft transporter

  • Socially and Economically Disadvantaged Individuals means those individuals who are citizens of the United Stated (or lawfully admitted permanent residents) and who are women, Black Americans, Hispanic Americans, Native Americans, Asian-Pacific Americans, or Asian-Indian Americans and any other minorities of individuals found to be disadvantaged by the Small Business Administration pursuant to Section 8 (a) of the Small Business Act, RIPTA shall make a rebuttal presumption the individuals in the following groups are socially and economically disadvantaged. RIPTA may also determine, on a case-by-case basis, that individuals who are not a member of one of the following groups are socially and economically disadvantaged: