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      Income

      /ˈɪn.kʌm/

      Meaning & Definition

      noun
      Money received, especially on a regular basis, for work or through investments.
      Her monthly income allows her to save for a vacation.
      The financial gain derived from capital or investment.
      The rental income from the properties provides a steady cash flow.
      The total revenue generated from all sources before expenses.
      The company's income has increased significantly over the past year.

      Etymology

      Originated from the Middle English 'incomen' meaning 'to come in'.

      Common Phrases and Expressions

      disposable income:
      The amount of money that households have available for spending and saving after income taxes have been paid.
      gross income:
      The total income earned before any deductions or taxes.
      net income:
      The amount of income remaining after all deductions, taxes, and expenses have been paid.

      Related Words

      earnings
      The amount of money one earns from work or investments.
      salary
      A fixed regular payment, typically paid on a monthly or biweekly basis, made by an employer to an employee.
      wages
      Monetary payments made for labor or services, usually calculated on an hourly, daily, or piecework basis.

      Slang Meanings

      Cheddar
      He’s making a lot of cheddar with his new job.
      Dough
      I'm working hard to make that dough this summer.