income

income
A word having different meanings, dependent upon the connection in which it is used and the result intended to be accomplished. Equitable Trust Co. v Prentice, 250 NY 1, 164 NE 723, 63 ALR 263. For tax purposes, the gain derived from capital, from labor, or from both combined (Eisner v Macomber, 252 US 189, 64 L Ed 521, 40 S Ct 189, 9 ALR 1570), including profit gained through a sale or conversion of capital assets. Doyle Case, 247 US 183, 62 L Ed 1054, 38 S Ct 467. In reference to a life tenant, something produced by capital and severed from capital, leaving the property or principal intact. Rhode Island Hospital Trust Co. v Tucker, 51 RI 507, 155 A 661, 83 ALR 1253, mod on reh 52 RI 277, 160 A 465, 83 ALR 1259. Ordinarily, but not necessarily, cash or money; sometimes taking the form of property. United States v Siegel (CA8 Mo) 52 F2d 63, 78 ALR 672, cert den 284 US 679, 76 L Ed 574, 52 S Ct 140. In the usual signification, net, rather than gross, income. 33 Am J1st Life Est § 284. Profits earned rather than a fixed annuity. 4 Am J2d Annui § 3. See gross income; net income; ordinary income.

Ballentine's law dictionary. . 1998.

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  • 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. Merriam Webster. 1996 …   Law dictionary

  • 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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