INCOME Definition

Bookmark and Share

INCOME is the amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as profit from financial investments.

Learn new Accounting Terms

FIXED OVERHEAD is those costs like rent, utilities, basic telephone, loan payments, etc., that stay the same whether sales go up or down. Variable overhead, on the other hand, are those costs which vary directly with production.

CONSUMMATE is to bring to completion or fruition; conclude, e.g., consummate a business transaction.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.