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Income
Term | Definition |
---|---|
Income | Money received by a person or household |
Regular income | Money received every week or month |
Irregular Income | Income received now and again such as overtime |
Additional Income | Another name for irregular income. Income received now and again, such as overtime. |
Wages and Salaries | Income received as a reward for work |
Pension | Income paid to people who have retired |
Jobseekers Benefit | A payment to people who are unable to find employment |
Cash Income | Income in the form of money, bank notes, checks or any other readily liquidated form. |
Benefit in Kind | Non-Cash form of income may be received when the household is provided with goods or services that have a money value. |