A financial requirement refers to a condition or restriction that requires individuals to meet certain financial criteria in order to be eligible for a particular privilege or right, such as the ability to vote in federal elections.
Related terms
Poll Tax: A poll tax was another form of financial requirement where individuals had to pay a fee in order to vote.
Voting Rights Act of 1965: The Voting Rights Act of 1965 aimed at eliminating discriminatory practices, including financial requirements, that were used by some states to prevent African Americans from voting.
24th Amendment: The 24th Amendment prohibited the use of poll taxes as a requirement for voting in federal elections.