income

income
in·come n: a gain or recurrent benefit usu. measured in money that derives from capital or labor; also: the amount of such gain received in a period of time
an income of $20,000 a year

Merriam-Webster’s Dictionary of Law. . 1996.

income
I noun business profits, commercial profits, compensation, earnings, financial remuneration, financial resources, gain derived from capital, gain derived from labor, gains, gross return, increase in amount of wealth, money coming in, net return, pay, payment, pecunia, periodic returns from property or labor, proceeds, profit from conversion of assets, profit from sale, profits, profits of commerce, quaestus, receipts, remuneration, return in money, return on capital, revenue, salary, sale proceeds, something produced by capital, value received, vectigal, wage, wages, wealth associated concepts: accumulated income, actual income, aggregate income, annual net income, current income, deferred income, division of income, estimated income, garnishment of income, gross income, income-bearing property, income execution, income tax, income tax evasion, income yield, legacy, life income, net income II index alimony, annuity, capital, earnings, finance, honorarium, money, pay, proceeds, profit, receipt (act of receiving), recompense, rent, resource, retainer, revenue, substance (material possessions), wage

Burton's Legal Thesaurus. . 2006


income
n.
Money received as compensation for work, through investments, or as profits from a business.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


income
Money, goods, or other economic benefit received. Under income tax laws, income can be active through one's efforts or work, or passive from rentals, stock dividends, investments, and interest on deposits in which there is neither physical effort nor management. For tax purposes, income does not include gifts and inheritances received. Taxes are collected based on income by the federal government and most state governments.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Money & Taxes for Retirees
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.


income
n. Money received for services performed, products sold, as interest on investments, as royalties on inventions or creative works, or generally in exchange for some performance or consideration.
@ adjusted gross income
Gross income minus deductions permitted by the Internal Revenue Code.
+adjusted gross income A taxpayer's gross income minus the deductions, usually business deductions, they are allowed under the tax code.
=>> income.
@ gross income
Income prior to any exemptions, exclusions, or deductions.
@ imputed income
The doctrine that, under certain circumstances, a taxpayer realizes taxable income as a result of the use or consumption of his or her own property.
=>> income.
@ income in respect of a decedent
Income due to a person before death but not collected until afterward.
@ net income
Income after all exemptions, exclusions, and deductions.
n. Income after all exemptions, exclusions, and deductions.
@ ordinary income
Income from routine or everyday activities, such as the operations of a business or the labor of an individual.
=>> income.
@ taxable income
Same as net income.
=>> income.
@

Webster's New World Law Dictionary. . 2000.


income
The return in money from one's business, labor, or capital invested; gains, profits, salary, wages, etc.
The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income is not a gain accruing to capital or a growth in the value of the investment, but is a profit, something of exchangeable value, proceeding from the property and being received or drawn by the recipient for separate use, benefit, and disposal. That which comes in or is received from any business, or investment of capital, without reference to outgoing expenditures.

Dictionary from West's Encyclopedia of American Law. 2005.


income
The return in money from one's business, labor, or capital invested; gains, profits, salary, wages, etc.
 
The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income is not a gain accruing to capital or a growth in the value of the investment, but is a profit, something of exchangeable value, proceeding from the property and being received or drawn by the recipient for separate use, benefit, and disposal. That which comes in or is received from any business, or investment of capital, without reference to outgoing expenditures.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

income
n.
   money, goods or other economic benefit received. Under income tax laws, income can be "active" through one's efforts or work (including management) or "passive" from rentals, stock dividends, investments and interest on deposits in which there is neither physical effort nor management. For tax purposes, income does not include gifts and inheritances received. Taxes are collected based on income by the federal government and most state governments.

Law dictionary. . 2013.

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Look at other dictionaries:

  • Income — In come, n. 1. A coming in; entrance; admittance; ingress; infusion. [Obs.] Shak. [1913 Webster] More abundant incomes of light and strength from God. Bp. Rust. [1913 Webster] At mine income I louted low. Drant. [1913 Webster] 2. That which is… …   The Collaborative International Dictionary of English

  • income — (n.) c.1300, entrance, arrival, lit. what enters, perhaps a noun use of the late Old English verb incuman come in, from in (adv.) + cuman to come (see COME (Cf. come)). Meaning money made through business or labor (i.e., that which comes in as a… …   Etymology dictionary

  • income — [n] money earned by work or investments assets, avails, benefits, bottom line*, cash, cash flow, commission, compensation, dividends, drawings, earnings, gains, gravy*, gross, harvest, honorarium, interest, in the black*, livelihood, means, net,… …   New thesaurus

  • income — ► NOUN ▪ money received, especially on a regular basis, for work or through investments …   English terms dictionary

  • income — [in′kum΄] n. [ME: see IN1 & COME] 1. Archaic the act or an instance of coming in 2. the money or other gain received, esp. in a given period, by an individual, corporation, etc. for labor or services or from property, investments, operations, etc …   English World dictionary

  • income — money that is being earned by the business. Glossary of Business Terms * * * income in‧come [ˈɪŋkʌm, ˈɪn ] noun 1. [countable, uncountable] money that you earn from your job or that you receive from investments: • The family pays more than 50% of …   Financial and business terms

  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

  • Income — This article is about theoretical attempts to define income. For its definition in United States law, see Income (United States legal definitions). Income is the consumption and savings opportunity gained by an entity within a specified time… …   Wikipedia

  • income — noun ADJECTIVE ▪ high, large ▪ six figure (esp. AmE) ▪ The business provided him with a six figure income. ▪ sufficient ▪ average …   Collocations dictionary

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