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compensation for loss of income
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loss — The opposite of gain. Bloomberg Financial Dictionary * * * loss loss [lɒs ǁ lɒːs] noun 1. [countable, uncountable] the fact of no longer having something that you used to have, or having less of it: • loss of earnings through illness ˈjob loss… … Financial and business terms
compensation — com·pen·sa·tion /ˌkäm pən sā shən/ n 1: the act of compensating 2 in the civil law of Louisiana: the ending of mutual obligations between two people for money or quantities of fungible things usu. by operation of law but sometimes by an agreement … Law dictionary
Income tax in the United States — UStaxationThe federal government of the United States imposes a progressive tax on the taxable income of individuals, partnerships, companies, corporations, trusts, decedents estates, and certain bankruptcy estates. Some state and municipal… … Wikipedia
Income trust — An income trust is an investment trust that holds income producing assets. The term also designates a legal entity, capital structure and ownership vehicle for certain assets or businesses. Its shares or trust units are traded on securities… … Wikipedia
income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income … Black's law dictionary
income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income … Black's law dictionary
Guaranteed minimum income — (GMI) is a system[1] of social welfare provision that guarantees that all citizens or families have an income sufficient to live on, provided they meet certain conditions. Eligibility is typically determined by citizenship, a means test and… … Wikipedia
For-profit education — (also known as the education services industry or proprietary education) refers to educational institutions operated by private, profit seeking businesses. There are two major types of for profit schools. One type is known as an educational… … Wikipedia
Scramble for Africa — For the book by Thomas Pakenham, see Thomas Pakenham (historian)#The Scramble for Africa. For information on the colonization of Africa prior to the 1880s, including Carthaginian and early European colonization, see Colonization of Africa. The… … Wikipedia
income — 1. An alternative term for *sale. 2. The excess of *sales revenues over related costs in a specified time period. Also known as profit. See also *gross income, *net income, and *loss. 3. An increase in the *net assets of an individual or… … Auditor's dictionary
Workers' compensation — (colloquially known as workers comp in North America or compo in Australia) a form of insurance that provides compensation medical care for employees who are injured in the course of employment, in exchange for mandatory relinquishment of the… … Wikipedia