1 income basis | Definition of income basis
Logo
Menu
dictionary thesaurus

income basis

noun

Definition of income basis

: a basis of reckoning income (as from investments, profits) according to the percentage that the interest or revenue bears to the actual cost with no allowance being made for the fact that payment at maturity is to be at par a bond yielding 3-percent interest on its par value and bought at 60 is on an income basis of 5 percent

WORD OF THE DAY

See Definitions and Examples

Get Word of the Day daily email!