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Meaning of UNEARNED INCOME

Pronunciation:  un'urnd 'inkum

WordNet Dictionary
 
 Definition: 
  1. [n]  (accounting) income received but not yet earned (usually considered a current liability on a company's balance sheet)
  2. [n]  (taxes) personal income that you did not earn (e.g., dividends or interest or rent income)
 
 Websites: 
 
 Synonyms: unearned revenue
 
 See Also: income

 

 

 

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