residual income Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “residual income” in the English Dictionary

"residual income" in Business English

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residual incomenoun [C or U]

uk   us   FINANCE, ACCOUNTING
income that a ​person, ​company, or ​organization has ​left after they have ​paidtaxes, ​debts, etc.: Pension ​paymentsreduceresidualincome for ​taxpurposes.
(also residuals [plural]) money that a ​writer or musician ​earns in royaltypayments (= ​payments received for each ​book, etc. that is ​sold): Musicians also receive ​residualincome 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)
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“residual income” in Business English

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