a benefit payable to working people with a low income. There are four categories of eligibility: a person responsible for a child; a disabled person; a person who is aged over 50, has recently started work, and was receiving certain benefits before starting work; and a person aged over 25 and working more than 30 hours per week. Working tax credit is in the process of being replaced by *universal credit.
The sum of the institution’s short-term or current assets, including cash, marketable (short-term) securities, accounts receivable and inventories. Net working capital is defined as the excess of total current assets over total current liabilities.... working capital
a welfare benefit in the UK that is due to replace six mean-tested benefits and tax credits, with the intention of simplifying the benefits system and strengthening incentives to work. Rollout of universal credit began in 2013 and is ongoing with a forecast completion date of 2022. It has been criticized by some for its focus on the centralization of administration, particularly the requirement for most claimants to file claims online rather than face-to-face, as well as for delays to the rollout, which was originally supposed to be complete in 2017.... universal credit
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