Income

Definition

Income is a noun that refers to the money or financial gain received by an individual or organization, typically from work, investments, or business activities. It represents the inflow of resources over a specific period.

Parts of Speech

• Noun

Pronunciation

American English

• IPA Pronunciation: /ˈɪn.kʌm/
• Respelling: IN-kuhm

British English

• IPA Pronunciation: /ˈɪn.kʌm/
• Respelling: IN-kuhm

Etymology

The word "income" originates from the Middle English "incom," meaning "entrance" or "arrival," derived from Old English "incuman," which means "to come in." Over time, the term evolved to denote financial gain or revenue.

Derivatives

• Income tax (noun)
• Income statement (noun)
• Income bracket (noun)
• Income-generating (adjective)
• Income earner (noun)

Synonyms

• Earnings
• Revenue
• Profit

Antonyms

• Expenditure
• Loss
• Debt

Usage

The term "income" is commonly used in financial, economic, and personal contexts. For example, "Her monthly income covers all her expenses," or "The company reported an increase in income this quarter."

Related Terms

• Revenue: The total income generated by an organization.
• Salary: A fixed regular payment, typically received by an employee.
• Expense: Money spent or costs incurred.

Detailed Definitions

Noun

• The financial gain received over a period: Refers to money earned from employment, investments, or business.
  • Example: "Her primary source of income is her job."
• Revenue generated by a business or organization: Indicates the total financial inflow from various sources.
  • Example: "The company's annual income exceeded expectations."
• Any form of monetary inflow: Broadly includes all types of earnings or resources received.
  • Example: "Passive income from investments can be a reliable source of financial stability."