income basis


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

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Learn More About income basis

Dictionary Entries Near income basis

income account

income basis

income bond

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Cite this Entry

“Income basis.” Dictionary, Merriam-Webster, Accessed 16 Sep. 2021.

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