Meaning of “residual income” in the English Dictionary

"residual income" in Business English

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residual incomenoun [ C or U ]


income that a person, company, or organization has left after they have paid taxes, debts, etc.:

also residuals [ plural ] money that a writer or musician earns in royalty payments (= payments received for each book, etc. that is sold):

Musicians also receive residual income called royalties that are earned each time someone buys a CD.
He made a lot of money in residuals for his album last year.

(Definition of “residual income” from the Cambridge Business English Dictionary © Cambridge University Press)