Category
page 1Income
income
Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. For example, a person's income in an economic sense may be different from their income as defined by law.
present value
economic concept denoting value of an expected income stream determined as of the date of valuation
passive income
income that requires little to no effort to earn and maintain
guaranteed minimum income
system of social welfare provision that guarantees that all citizens or families have an income sufficient to live on, provided they meet certain conditions
personal income
individual's total earnings