Unearned income (revenue)
Income received in advance of the time at which it is earned, such as prepaid rent.
The amount of money a company earns through the sale of goods or services, rents, and other sources. Revenue is the amount the company makes; it should not be confused with profit, which is revenue less expenses. Likewise, it should not be confused with cash flow, as revenue can be money owed but not yet paid.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
The inflow of assets that results from sales of goods and services and earnings from dividends, interest, and rent. Revenue is often received in the form of cash but also may be in the form of receivables to be turned into cash at a later date.
Wall Street Words: An A to Z Guide to Investment Terms for Todays Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
Revenue is the money you collect for providing a product or service.
Revenue is different from earnings, which is whats left of your revenue after subtracting the costs of producing or delivering the product or service and any taxes you paid on the amount you took in.
When corporations release their financial statements, those that provide services, such as power or telecommunications companies, describe their income as revenues, while those that manufacture products, such as lightbulbs or books, describe their income as sales.
The money a government collects in taxes is also called revenue. The US body that collects those taxes is called the Internal Revenue Service (IRS). In the United Kingdom, its Inland Revenue.
Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
- the money received by a firm from the sale of its output of GOODS or SERVICES (SALES REVENUE).
- money received by the government from TAXATION.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
revenuethe money received by a firm from selling its output of GOODS or SERVICES (SALES REVENUE) or money received by government from TAXATION. See AVERAGE REVENUE, MARGINAL REVENUE, TOTAL REVENUE.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
The total rent, sales, or earnings of a company. When negotiating for the purchase of income-producing property, be sure to inquire about the sellers definition of revenue rather than make the assumption that the seller is using the correct terminology to describe figures supplied to you. Contrast with income.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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