income basis
noun
: 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
Dictionary Entries Near income basis
Cite this Entry
“Income basis.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/income%20basis. Accessed 23 Nov. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share