Related Words

Premium Income: The income received by an investor who sells an option.

Grantor Retained Income Trust (GRIT): A trader in the options market who makes premium income by selling options.

Premium Taxes: State income taxes levied on an insurer's premium income.

Option Premium: When you buy an option, you pay the seller a nonrefundable amount, known as the option premium, for the right to exercise that option before it expires. If you sell an option, you receive a . . . View Full Definition

Ordinary Income: The income derived from the regular operating activities of a firm or individual.

Operating Income: Sales revenue minus cost of sales and operating expenses. Similar to earnings before interest and taxes, operating income is examined when the earnings of the core business are analyzed. Als . . . View Full Definition

Off-Farm (Non-Farm) Income: That portion of farm household income obtained off the farm, including nonfarm wages and salaries, pensions, and interest income earned by farm families. On average for all farms in the Unit . . . View Full Definition

Non-Operating Income: Income not related to the ongoing operations of a company; for example, interest income and sale of fixed assets.

Nonmoney Income: A statistical allowance used in farm income compilations to credit farmers with income for the value of farm products used on the farm (instead of being sold for cash) and the rental value o . . . View Full Definition

Other Income: Refers to income other than rent, such as vending and laundry machines, storage or parking space income, and so on.