noun \ˈin-ˌkəm also ˈin-kəm or ˈiŋ-kəm\

: money that is earned from work, investments, business, etc.

Full Definition of INCOME

:  a coming in :  entrance, influx <fluctuations in the nutrient income of a body of water>
:  a gain or recurrent benefit usually measured in money that derives from capital or labor; also :  the amount of such gain received in a period of time <has an income of $30,000 a year>

Examples of INCOME

  1. Any income from investments must be reported.
  2. Farming is his main source of income.
  3. Even on two incomes, we're having a hard time keeping up with our bills.
  4. He earns a good income as a consultant.
  5. What was the company's annual income?

First Known Use of INCOME

14th century

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer


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