Business Income

Any income that is realized as a result of business activity. Business income is a type of earned income, and is classified as ordinary income for tax purposes.

Business income can be offset with business expenses and business losses. It can be either positive or negative in a given year.


Investment dictionary. . 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

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.