residual income
noun[CorU]
FINANCE,ACCOUNTINGukusincomethat aperson,company, ororganizationhasleftafter they havepaidtaxes,debts, etc.:
Pensionpaymentsreduceresidualincomefortaxpurposes.
(alsoresiduals[plural])
moneythat awriterormusicianearnsinroyaltypayments(=paymentsreceivedfor eachbook, etc. that issold):
Musicians alsoreceiveresidualincomecalledroyaltiesthat areearnedeachtimesomeonebuysa CD.
He made a lot ofmoneyin residuals for hisalbumlastyear.