A currency (from Middle English: curraunt, in circulation, from Latin: currens, -entis) in the most specific use of the word refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins.
Although commonly extended from Government, the term subsidy can relate to any type of support-for example from NGOs or implicit subsidies. Subsidies com: direct (cash grants, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, depreciation write-offs, rent rebates).ith an employment subsidy, the government provides assistance with wages. Another form of employment subsidy is the social security benefits. Employment subsidies allow a person receiving the benefit to enjoy some minimum standard of living.
There are two features of Obamacareâs premium tax credits that are important for early retirees to understand. First, the highest household income that can qualify for a subsidy is 400 percent of the federal poverty level. In 2013, that amount for an individual is $45,960 and for a family of two is $62,040. Itâs likely to be slightly higher in 2014. If a household income exceeds 400 percent of the federal poverty level by even one dollar the subsidy is lost. Second, the amount of a subsidy decreases as household income increases.