What is meant by nisaab?

Question: What is meant by nisaab? 

Answer: Understand nisaab to be “the wealth line”. Nisaab amounts vary. You need to contact your local aalim to find out what the exact amount is on the date your zakaat is due. If you have this amount or more in the form of cash, stock or gold and silver jewellery, you are liable for 2.5% zakaat.