Unearned Income - Law Dictionary Search Results
unearned income
Matched in: Term unearned income
Investment company
mainly of income which, if it had been the income of an individual, would have been regarded as unearned income, Nawn Estate (P) Ltd. v. CIT, AIR 1977 SC 153 (161): (1977) 1 SCR 798: (1977) 1 SCC
earned income
Matched in: Term earned income
Keep your definitions linked to case research
earned
Gained as a result of effort or action used especially of income as earned income Contrasted with unearned
reserve
the difference in value between the net premiums and assumed claims for a given year in life insurance unearned premium reserve : a reserve of funds which represents premiums paid to an insurance company but not yet … waive b : to defer a determination of (a question of law) [the justices reserved the question because it was not an issue in the case] n 1 : something stored or kept available for future use
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