Definition of Income:
The flow of cash or cash-equivalents received from work (wage or salary), capital (interest or profit), or land (rent).
Law: Money or other forms of payment (received periodically or regularly) from commerce, employment, endowment, investment, royalties, etc.
Economics: Consumption that, at the end of a period, will leave an individual with the same amount of goods (and the expectations of future goods) as at the beginning of that period. Therefore, income means the maximum amount an individual can spend during a period without being any worse off. Income (and not the GDP) is the engine that drives an economy because only it can create demand.
Accounting: (1) An excess of revenue over expenses for an accounting period. Also called earnings or gross profit. (2) An amount by which total assets increase in an accounting period.
Money received, especially on a regular basis, for work or through investments.
Synonyms of Income
Earnings, Salary, Pay, Remuneration, Wages, Stipend, Emolument, Access, Admission, Avails, Base pay, Box office, Capital gains, Cleanup, Clear profit, Commissions, Compensation, Credit, Credits, Dismissal wage, Disposable income, Dividend, Dividends, Earned income, Earnings, Entrance, Entree, Entry, Escalator clause, Escalator plan, Filthy lucre, Financial remuneration, Gain, Gains, Gate, Gate receipts, Get, Gettings, Gleanings, Gross, Gross income, Gross profit, Gross receipts, Guaranteed annual wage, Hire, Hoard, Import, Importation, Importing, Incoming, Infiltration, Ingoing, Ingress, Ingression, Input, Insertion, Insinuation, Intake, Interest, Interpenetration, Introduction, Introgression, Intrusion, Killing, Leakage, Living wage, Lucre, Make, Makings, Minimum wage, Neat profit, Net, Net income, Net profit, Net receipts, Output, Paper profits, Pay, Pay and allowances, Payment, Payroll, Pelf, Penetration, Percentage, Percolation, Perk, Perks, Perquisite, Pickings, Portal-to-portal pay, Proceeds, Produce, Profit, Profits, Purchasing power, Rake-off, Real wages, Receipt, Receipts, Receivables, Reception, Remuneration, Return, Returns, Revenue, Royalties, Salary, Seepage, Severance pay, Sliding scale, Store, Take, Take-home, Take-home pay, Take-in, Takings, Taxable income, Total compensation, Unearned income, Wage, Wage control, Wage freeze, Wage reduction, Wage rollback, Wage scale, Wages, Wages after deductions, Wages after taxes, Wealth, Winnings, Yield
How to use Income in a sentence?
- The new mother took a part-time job as another source of income because her husband had just been demoted from his manager position.
- He has a nice home and an adequate income.
- I wondered what the mans income was because he made such a big deal out of how much money he made last year.
- Having a reliable income will help you to not be stressed about the day to day bills that life will throw your way.
Meaning of Income & Income Definition