unearned income
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Related to unearned income: Earned income credit
Unearned income (revenue)
Income received in advance of the time at which it is earned, such as prepaid rent.
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Passive Income
Income from a venture in which an individual does not directly participate. The most common types of passive income are rents and income from a limited partnership. Some analysts consider income derived from securities such as dividends and coupons to be passive income, while others put it into a separate category as portfolio income. Passive income is taxable, but it is often treated differently than active income.
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unearned income
Individual income, such as dividends, pension payments, and capital gains, that is derived from something other than personal services. Compare earned income.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
unearned income
see EARNED INCOME.Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
unearned income
see EARNED INCOME.Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
Unearned Income
Taxable income other than that received for services performed (earned income). Unearned income includes money received for the investment of money or other property, such as interest, dividends, and royalties. It also includes pensions, alimony, unemployment compensation, and other income that is not earned.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary