income

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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.

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.

income

noun allowance, annuity, business profits, commercial profits, compensation, consideration, fees, financial remuneration, financial resources, fringe benefits, gain derived from capital, gain derived from labor, gains, gross, gross income, gross reeurn, increase in amount of wealth, livelihood, means, 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, recompense, return in money, return on capital, revenue, salary, sale proceeds, something produced by capital, stipend, subsidy, value received, vectigal, wage, wages, wealth
Associated concepts: accumulated income, actual income, affordable housing, aggregate income, annual net income, current income, deferred income, division of income, emmloyment law, estimated income, garnishment of income, gross income, income-bearing property, income execution, income tax, income tax evasion, income yield, legacy, life income, low income, minimum wage, net income, retireeent income, social security income
See also: alimony, annuity, capital, earnings, finance, honorarium, money, pay, proceeds, profit, receipt, recompense, rent, resource, retainer, revenue, substance, wage

INCOME. The gain which proceeds from property, labor, or business; it is applied particularly to individuals; the income of the government is usually called revenue.
     2. It has been holden that a devise of the income of land, is in effect the same as a devise of the land itself. 9 Mass. 372; 1 Ashm. 136.

References in periodicals archive ?
had total assets of approximately USD 207m and Western Asset Global High Income Fund Inc.
Gunther has been assistant portfolio manager on the high income funds since 2008, and heads a six-person team responsible for the funds.
Ivy High Income Opportunities Fund's investment objective is to seek to provide total return through a combination of a high level of current income and capital appreciation.
will merge with and into Western Asset Global High Income Fund Inc.
Schwadel, a partner at Rosenberg & Estis, notes that while the procedures and forms for high income deregulation seem simple, a number of pitfalls exist that could result in denial of an owner's application.
As of September 23, 2008, the post-merger net assets of Western Asset High Income Fund II Inc.
7m shares outstanding as of the close of business on 21 June, Western Asset High Income Fund added.
18 February 2013 - US diversified closed-end management investment companies Western Asset High Income Fund Inc (NYSE:HIF) and Western Asset High Income Opportunity Fund Inc (NYSE:HIO) said their boards had backed a plan to combine the firms' operations via an all-stock merger.
Pioneer Investments revealed on Thursday the dividends of five closed-end funds, Pioneer Diversified High Income Trust (NYSEAmex:NHW), Pioneer Floating Rate Trust (NYSE:PHD), Pioneer High Income Trust (NYSE:PHT) that are taxable and Pioneer Municipal High Income Advantage Trust (NYSE:MAV) and Pioneer Municipal High Income Trust (NYSE:MHI), which are tax exempt, for July 2015.
M2 EQUITYBITES-July 1, 2015-Deutsche High Income Trust declares results of special shareholders' meeting
M2 EQUITYBITES-July 15, 2014--Waddell & Reed fire high income portfolio manager
At the Annual Meeting of Stockholders of RMK Multi-Sector High Income Fund, Inc.

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