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If the law is on your side, pound the law. If the facts are on your side, pound the facts. If neither the law nor the facts are on your side, pound the table.
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Legal Definitions - unearned income
Justice is truth in action.
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Definition of unearned income
Unearned Income
Unearned income is money that you receive from investments, such as interest, dividends, or capital gains, or any other income that isn't compensation for services.
- Interest earned on a savings account
- Dividends received from stocks
- Capital gains from selling a property
These examples illustrate unearned income because they are all forms of income that are not earned through work or services provided. Instead, they are generated through investments or other passive means.
The life of the law has not been logic; it has been experience.
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Simple Definition
Unearned income refers to money that you receive without having to work for it. This can include income from investments, such as interest, dividends, or capital gains, or any other income that isn't compensation for services. Basically, it's money that you get just because you own something or have invested in something, rather than because you did a job or provided a service.
The difference between ordinary and extraordinary is practice.
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