UNEARNED INCOME • FREE TRANSLATOR.ORG • Definition of Unearned income

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/ənˈərnd ˈɪnkˌəm/ Listen

Unearned income

noun

Personal income that you did not earn (e.g., dividends or interest or rent income). Synonym: unearned revenue.

(accounting) income received but not yet earned (usually considered a current liability on a company's balance sheet). Synonym: unearned revenue.

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Etymology of 'Unearned income'

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"Unearned income" Quotes from Famous Books

... of the division of the nucleus and its associates and dependencies between those who work for a living, those who have an unearned income and those parasites who scrounge for a living. They perish because of the hard class and caste lines that grow out of economic contradictions; because of the development of a social pyramid, layer above layer, until the summit is reached where ...

— Civilization and Beyond - Learning From History • Scott Nearing