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Definition of Unearned income
1. Noun. Personal income that you did not earn (e.g., dividends or interest or rent income).
Exact synonyms: Unearned Revenue
Generic synonyms: Income
Category relationships: Revenue Enhancement, Tax, Taxation
Generic synonyms: Income
Category relationships: Revenue Enhancement, Tax, Taxation
2. Noun. (accounting) income received but not yet earned (usually considered a current liability on a company's balance sheet).
Definition of Unearned income
1. Noun. (context: taxation) Income that is not a wage, such as interest, dividends or realized capital gains from investments, rent from land or property ownership, and any other income that does not derive from work. ¹
¹ Source: wiktionary.com