an account maintained for a particular item of revenue or income.
Also called profit and loss account. a summary account for income and expenditures, used in closing the ledger.
noun 1. a bond without a guaranteed amount of interest payment, such payment being usually made only out of earnings. noun 1. a bond that pays interest at a rate in direct proportion to the issuer’s earnings
- Income distribution
The way national income is divided among households in the economy.
noun 1. a mutual fund that invests primarily in stocks that are likely to continue to pay or increase dividends.
- Income group
noun 1. a group in a given population having incomes within a certain range noun a part of a population that is in the same income range Examples Market researchers study income groups.