- unearned interest
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n.Interest paid to someone by a financial institution before it is actually earned.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
unearned interest
Look at other dictionaries:
Unearned Interest — Interest that has been collected on a loan by a lending institution but has not yet been counted as income (or earnings). Instead, it is initially recorded as a liability. If the loan is paid off early, the unearned interest portion must be… … Investment dictionary
unearned interest — interest that has been received on a loan, but that cannot be treated as a part of earnings yet, because the principal of the loan has not been outstanding long enough. Bloomberg Financial Dictionary … Financial and business terms
unearned interest — Interest generally received by a financial institution in advance of the time in which it is earned … Black's law dictionary
Unearned Discount — Interest that has been collected on a loan by a lending institution but has not yet been counted as income (or earnings). Instead, it is initially recorded as a liability. If the loan is paid off early, the unearned interest portion must be… … Investment dictionary
unearned income — un·earned income n: income (as interest and dividends) that is not gained by labor, service, or skill compare earned income Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Unearned Revenue — When an individual or company receives money for a service or product that has yet to be fulfilled. Unearned revenue can be thought of as a pre payment for goods or services which a person or company is expected to produce to the purchaser. As a… … Investment dictionary
Unearned Income — Any income that comes from investments and other sources unrelated to employment services. Examples of unearned income include interest from a savings account, bond interest, tips, alimony, and dividends from stock. As long as this income is… … Investment dictionary
unearned income — [[t]ʌ̱nɜː(r)nd ɪ̱ŋkʌm[/t]] N UNCOUNT Unearned income is money that people gain from interest or profit from property or investment, rather than money that they earn from a job. ... reduction in the tax on unearned income could be a boost for… … English dictionary
unearned — adj. not earned. Phrases and idioms: unearned income income from interest payments etc. as opposed to salary, wages, or fees. unearned increment an increase in the value of property not due to the owner s labour or outlay … Useful english dictionary
unearned income — noun 1. personal income that you did not earn (e.g., dividends or interest or rent income) • Syn: ↑unearned revenue • Topics: ↑tax, ↑taxation, ↑revenue enhancement • Hypernyms: ↑ … Useful english dictionary
