other income

other income definition - business

other income

  1. An entry on an income statement that includes income from other than a firm's principal line of business. Dividends, investment interest, and foreign exchange gains are each classified as other income.
  2. For individuals, less common types of income, including gambling winnings, fees from jury duty, prizes, canceled debts, and executor fees.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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