unearned income

Definition of "unearned income"
  1. Income that comes from investments, interests, dividends or capital gains, and not from services rendered
How to use "unearned income" in a sentence
  1. Inheritance is a form of unearned income for the heir.
  2. He reported his dividends as unearned income in his tax return.
  3. Interest from a savings account is considered unearned income.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z