Income
Term · Law · MLC-T-LAW-002566
Money or other economic benefits received by an individual or entity, typically in exchange for labor, goods, services, or from investments. This includes wages, salaries, profits from business, rents, interest, and dividends. It forms the basis for taxation and is a key factor in determining financial obligations such as alimony or child support.
| Identifier | MLC-T-LAW-002566 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002566",
"term": "Income",
"field": "Law",
"definition": "Money or other economic benefits received by an individual or entity, typically in exchange for labor, goods, services, or from investments. This includes wages, salaries, profits from business, rents, interest, and dividends. It forms the basis for taxation and is a key factor in determining financial obligations such as alimony or child support.",
"url": "https://mlchart.com/terminology/law/income/"
}
Record 2,490 of 5,445 in Law terminology (MLC-0107). Request the full dataset.