incomeapproximation
nounUK /ˈɪnkʌm əˌprɒksɪˈmeɪʃən/
US /ˈɪnkʌm əˌprɑːksɪˈmeɪʃən/
A guess about how much money someone makes.
The bank used an incomeapproximation to decide how much they could lend her.
RELATED WORDS
OTHER MEANINGS
2. A rough calculation of total money received over a period.
For the tax form, he wrote an incomeapproximation based on last year's pay.
3. An informal figure used when exact earnings are unknown.
The survey relied on an incomeapproximation from each household.
4. A quick math-based guess about weekly or monthly pay.
Her incomeapproximation helped her plan the family budget.