Noun: unearned income ,ún'urnd 'in-kum
- (tax) personal income that you did not earn (e.g., dividends, interest or rent income)
"He reported significant unearned income from his investments";
- unearned revenue
- (accounting) income received but not yet earned (usually considered a current liability on a company's balance sheet)
"The company recorded the advance payment as unearned income";
- unearned revenue
Derived forms: unearned incomes
Type of: income
Encyclopedia: Unearned income