ORDINARY INCOME Definition

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ORDINARY INCOME is the income derived from the regular operating activities of a business or individual, but exclusive of capital gains. Net income from a business, along with personal wages, interest, and dividends are examples of ordinary income.

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WAYBILL is a document prepared by a carrier for a shipment of goods that contains details of the shipment, route, and charges. 

TRADE DRAFT is a draft addressed to a commercial enterprise.

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