MLchartDataset catalogue

Negative income

Term · Law · MLC-T-LAW-003372

A financial state where an individual's or entity's expenses exceed their revenues over a specific period, resulting in a net loss. This situation indicates that more money is being spent than earned. For tax purposes, negative income, or a net operating loss, can often be carried forward or backward to offset income in other tax years.

Table 1. Record
IdentifierMLC-T-LAW-003372
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003372",
  "term": "Negative income",
  "field": "Law",
  "definition": "A financial state where an individual's or entity's expenses exceed their revenues over a specific period, resulting in a net loss. This situation indicates that more money is being spent than earned. For tax purposes, negative income, or a net operating loss, can often be carried forward or backward to offset income in other tax years.",
  "url": "https://mlchart.com/terminology/law/negative-income/"
}

Record 3,353 of 5,441 in Law terminology (MLC-0107). Request the full dataset.