Business income can be offset with business expenses and business losses. It can be either positive or negative in a given year.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
business income — noun : 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
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