income vs revenue
Definitions
noun
- the financial gain (earned or unearned) accruing over a given period of time
Examples
To supplement his income, he taught private voice lessons in his home and sang in a church choir.
The recession blindsided a lot of lawyers who had previously taken for granted their comfortable income.
Stated income loans only deserve the moniker "liar loans" because they were abused by banks and given to borrowers who lacked the income to qualify full doc.
Definitions
noun
- the entire amount of income before any deductions are made
- government income due to taxation
Examples
The trend toward à la carte pricing - once the hallmark of no-frills, low-cost carriers - has in recent years been adopted by the legacy airlines, and will likely continue in 2009, as carriers try to boost what they call ancillary revenue.
The study predicted that, by 2022, the country would still require $7.2 billion in foreign aid a year—and that assumes an upsurge of so-far inexistent mining-industry revenue and no dramatic deterioration of security.
Service providers haven't completely snapped their wallets shut, but the emphasis for the near-term will be on controlled spending as they look for ways to grow revenues.
