Definition of: income

(in′kum) noun
1. Money, or other benefit, periodically received; the amount so received.
2. The gain derived from capital, or labor, or both, inclusive of profit gained through the sale or conversion of capital assets.
3. Obs. The act of coming in; an incoming; specifically, the influx of divine grace into the soul.
—earned income Income from labor, professional work, or business.
—unearned income Income from capital investments, etc.