A basic income is paid unconditionally – it’s the same as a UBI.
Guy Standing 17, British labor economist, Professor of development studies at the School of Oriental and African Studies, Professorial Research Associate at SOAS, University of London, and a co-founder of the Basic Income Earth Network. “Basic Income – Its Meaning and Historical Origins.” Basic Income: A Guide for the Open-Minded, Yale University Press, 2017, pp. 1–22. JSTOR, https://doi.org/10.2307/j.ctv1bvnf53.4. AJ
We need to start by defining what is meant by a basic income. Although there are a number of variants, which will be discussed in due course, a basic income can be defined as a modest amount of money paid unconditionally to individuals on a regular basis (for example, monthly). It is often called a universal basic income (UBI) because it is intended to be paid to all.