Income
[in-kuhm] /ˈɪn kʌm/
noun
1.
the monetary payment received for goods or services, or from other sources, as rents or investments.
2.
something that comes in as an addition or increase, especially by chance.
3.
Archaic. a coming in.
/ˈɪnkʌm; ˈɪnkəm/
noun
1.
the amount of monetary or other returns, either earned or unearned, accruing over a given period of time
2.
receipts; revenue
3.
(rare) an inflow or influx
n.
c.1300, “entrance, arrival,” literally “what enters,” perhaps a noun use of the late Old English verb incuman “come in,” from in (adv.) + cuman “to come” (see come). Meaning “money made through business or labor” (i.e., “that which ‘comes in’ as a product of work or business”) first recorded c.1600. Income tax is from 1799, first introduced in Britain as a war tax, re-introduced 1842; authorized on a national level in U.S. in 1913.
The amount of money received during a period of time in exchange for labor or services, from the sale of goods or property, or as a profit from financial investments.
Read Also:
- Income-account
noun 1. an account maintained for a particular item of revenue or income. 2. Also called profit and loss account. a summary account for income and expenditures, used in closing the ledger.
- Income-bond
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.
- Income-fund
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.