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Unearned income (revenue)

Income received in advance of the time at which it is earned, such as prepaid rent.


The amount of money a company earns through the sale of goods or services, rents, and other sources. Revenue is the amount the company makes; it should not be confused with profit, which is revenue less expenses. Likewise, it should not be confused with cash flow, as revenue can be money owed but not yet paid.


The inflow of assets that results from sales of goods and services and earnings from dividends, interest, and rent. Revenue is often received in the form of cash but also may be in the form of receivables to be turned into cash at a later date.


Revenue is the money you collect for providing a product or service.

Revenue is different from earnings, which is what's left of your revenue after subtracting the costs of producing or delivering the product or service and any taxes you paid on the amount you took in.

When corporations release their financial statements, those that provide services, such as power or telecommunications companies, describe their income as revenues, while those that manufacture products, such as lightbulbs or books, describe their income as sales.

The money a government collects in taxes is also called revenue. The US body that collects those taxes is called the Internal Revenue Service (IRS). In the United Kingdom, it's Inland Revenue.


  1. the money received by a firm from the sale of its output of GOODS or SERVICES (SALES REVENUE).
  2. money received by the government from TAXATION.


the money received by a firm from selling its output of GOODS or SERVICES (SALES REVENUE) or money received by government from TAXATION. See AVERAGE REVENUE, MARGINAL REVENUE, TOTAL REVENUE.


The total rent, sales, or earnings of a company. When negotiating for the purchase of income-producing property, be sure to inquire about the seller's definition of revenue rather than make the assumption that the seller is using the correct terminology to describe figures supplied to you. Contrast with income.

References in periodicals archive ?
1660 billion which is 71% of the current expenditure.
Current Expenditure: Current Expenditure of the Federal Government appears to be largely invariant with respect to the share, BETA, in the divisible pool.
Expressed in terms of the typical education dollar, instructional expenditures accounted for approximately 61 cents of the education dollar for current expenditures (figure 2).
Current expenditures were higher than their stipulated limit by around Rs.
Meanwhile, the NCSI figures also highlight a significant drop of 27% in current expenditure in the public sector spending in 2013, with expenditure totaling RO 6,404 million in 2013 versus the 2012 total of RO 8,773 million.
Furthermore, the current expenditure (salaries, allowances and operating cost) rise as the state final accounts of 2012 showed a significant increase of 43.
The increase in total expenditure was mainly due to a sharp increase in current expenditure by 43.
The current expenditure during 1995-96 would be Rs.
He further elaborated that for an increase of 20 percent in the Federal PSDP, with major investments in the water and power sectors, current expenditure growth will have to be restricted to less than 8 percent.
Details of current expenditure or potential future uptake are given in good faith as a guide to past purchasing and current planning to assist you in submitting your Tender.
its current expenditure exceed its ordinary revenue.
The reduction in the deficit reflects a drop in reconstruction costs, greater tax collection efforts, and reduced current expenditure.