Definitions
There are 2 meanings of the phrase
Unearned Income.
Unearned Income - as a noun
Personal income that you did not earn (e.g., dividends or interest or rent income)
Synonyms (Exact Relations)
unearned revenue(accounting) income received but not yet earned (usually considered a current liability on a company's balance sheet)
Synonyms (Exact Relations)
unearned revenueExample Sentences
"She reported her unearned income from foreign investments on her tax return."
"The government taxes unearned income differently than earned income."
"The lottery winnings were considered unearned income."
"People with a high amount of unearned income may be subject to an additional tax."
"She relied on her unearned income to cover her living expenses."
