Definition of income basis
: a basis of reckoning income (as from investments, profits) according to the percentage that the interest or revenue bears to the actual cost with no allowance being made for the fact that payment at maturity is to be at par a bond yielding 3-percent interest on its par value and bought at 60 is on an income basis of 5 percent
Love words? You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.
Join MWU now and get access to America’s largest dictionary, with:
- 300,000 words that aren't in our free dictionary
- Expanded definitions, etymologies, and usage notes
- Advanced search features
- Ad free!
Seen and Heard
What made you want to look up income basis? Please tell us where you read or heard it (including the quote, if possible).