noun in·come \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
INCOME Defined for Kids


noun in·come \ˈin-ˌkəm\

Definition of INCOME for Kids

:  a gain usually in money that comes in from labor, business, or property
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