What do you mean by regular source of income?
A regular source of income refers to a consistent and reliable stream of income that an individual or household receives over time. It is typically derived from employment, such as a salary, wages, or commissions; or from other sources like pensions, annuities, or rental properties. A regular source of income provides financial stability and allows individuals to meet their ongoing living expenses, such as housing, food, transportation, and other necessities. It also serves as a basis for obtaining loans or credit from financial institutions, as it demonstrates the individual's or household's ability to repay debts.