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[in-kuhm] /ˈɪn kʌm/

the monetary payment received for goods or services, or from other sources, as rents or investments.
something that comes in as an addition or increase, especially by chance.
Archaic. a coming in.
/ˈɪnkʌm; ˈɪnkəm/
the amount of monetary or other returns, either earned or unearned, accruing over a given period of time
receipts; revenue
(rare) an inflow or influx

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.

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