residual income
nounUK /rɪˈzɪdjuəl ˈɪnkʌm/
US /rɪˈzɪdʒuəl ˈɪnkʌm/
Money you keep getting even after you stop working for it.
Her rental house gives her residual income every month.
RELATED WORDS
OTHER MEANINGS
2. In business, the profit left after paying all costs and the required return on capital.
The company reported positive residual income after covering its cost of capital.
3. Money left over after all regular expenses are paid.
After bills, their residual income was small but steady.
4. Income that continues from past work, like royalties on a book.
The author earns residual income from every copy sold.