business income

: the income of a business from current production as sometimes distinguished from incidental or extraneous income (as from the investments of a manufacturer)

Useful english dictionary. 2012.

Look at other dictionaries:

  • Business Income — Any income that is realized as a result of business activity. Business income is a type of earned income, and is classified as ordinary income for tax purposes. Business income can be offset with business expenses and business losses. It can be… …   Investment dictionary

  • Business Income Coverage Form — An insurance policy that covers a company s loss of income due to a slowdown or temporary suspension of its normal operations stemming from damage to its physical property. Coverage typically includes the loss of income less normal operating… …   Investment dictionary

  • unrelated business income — Income recognized by an exempt organization that is generated from activities not related to the exempt purpose of the entity. For instance, the pharmacy located in a hospital often generates unrelated business income. I.R.C. No. 511. In order… …   Black's law dictionary

  • Unrelated Business Income Tax — (UBIT) in the U.S. Internal Revenue Code is the tax on unrelated business income, which comes from an activity engaged in by a tax exempt 26 USCA 501 organization that is not related to the tax exempt purpose of that organization.RequirementsFor… …   Wikipedia

  • unrelated business income tax — Tax levied on the unrelated business taxable income of an exempt organization. See unrelated business income …   Black's law dictionary

  • unrelated business income — Income of a tax exempt organization from a trade or business not substantially related to the purpose of the organization which exempts it from income tax. Internal Revenue Code § 512(b)(12) …   Ballentine's law dictionary

  • income —    Money, goods or services received by an individual or business. Income may be a return on work or investment (e.g., salary, rent, interest, profit) or a payment made for some other reason (e.g., unemployment benefit). For tax purposes, income… …   Business law dictionary

  • income and expenditure account — ➔ account1 * * * income and expenditure account UK US noun [C] ► ACCOUNTING a record of money received and spent by a business or organization during a particular period: »We find, after closing up our income and expenditure account, that we have …   Financial and business terms

  • income-generating — UK US adjective (also income producing) ► FINANCE used to describe an investment or business activity that makes money: » income generating bonds/shares »The fund will invest in income producing shares of mid to large sized companies …   Financial and business terms

  • income stream — ➔ stream * * * income stream UK US noun [C or U] ► FINANCE an amount of money that keeps coming in or being produced from an investment or by selling products or services: »provide/produce/create an income stream a steady/guaranteed/secure income …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.