interest income
Money from lending
Interest income is money earned from lending money or depositing it where it earns interest—bank accounts, bonds, loans to others.
It's passive income: your money works while you do nothing.
The savings account generated modest interest income.
For tax purposes, interest income is typically reported separately from wages or investment gains.
- accountRecord of dealings
- savings accountInterest-bearing bank holding
- bank statementPeriodic financial account summary
- accrueIncrease by addition
- dividendsProfits paid to shareholders
bond · corporate bond · savings · municipal bond · tax free · tax reporting · usury laws · passbook · yield · statement · balance · money market · deposit · risk premium · capital gains · principal amount · mortgage loan · banking regulations
- taxable incomecapital gain, capital gains, dividend, bonus, lottery win
- incomesalary, earnings, wages, pay, net earnings
- financialsprofit, earnings, net profit, gross profit, revenue
- taxationtax, sales tax, tax return, tax refund, tax code
- government revenuetax revenue, sales tax, property tax, excise tax, estate tax
- income taxtax return, tax brackets, tax rates, tax bracket, tax rate
interest incomeearned income
Pay from work
wages · salary · employment income · active income · hourly wages
interest incomeinterest payments
Money owed for borrowing
borrowing costs · finance charges · debt service · loan interest · mortgage interest