income projection
nounUK /ˈɪnkʌm prəˈdʒɛkʃən/
US /ˈɪnkʌm prəˈdʒɛkʃən/
A guess about how much money you will get in the future.
The family made an income projection to plan their summer vacation budget.
OTHER MEANINGS
2. A company's estimate of the money it expects to receive over a period.
The business revised its income projection after a strong first quarter.
3. A calculation used by lenders to judge whether someone can repay a loan.
The bank reviewed her income projection before approving the mortgage.
4. A planning tool that helps people decide how much to save or spend.
Using an income projection, he set aside money for next year's rent.