Revenue Business Law Definition

Means an amount equal to a interest income on reverse repurchase agreements earned by the business plus b interest income on available cash balances in the bnym clearing account plus c treasury market practice group fail charges earned by the business less d treasury market practice group fail charges incurred by the business less e interest.

Revenue business law definition. A federal revenue act making a major change in existing tax law. The income of the government arising from taxation duties and the like. A company s revenue which is reported on the first line of its income statement is often described as sales or service revenues. Legal definition of revenue law.

Definition of revenue revenue is the amount a company receives from selling goods and or providing services to its customers and clients. And according to some correct lawyers under the idea of revenue is also included the proceeds of the sale of stocks lands and other property owned by the government. Interest on investments dividends. A survey produced quarterly by the census bureau that provides estimates of total operating revenue and percentage of revenue by customer class for communication key.

Money that a company takes in from the sale of goods and services. The cost of expenses is subtracted from total revenue to calculate net income. Or revenue law definition of revenue act. While revenue includes earning generated only through the sale of goods and or services associated with the company s primary operations income also includes earning from other operations like.

A law relating to the imposition or collection of taxes to defray the expenses of government. The term sales may be used interchangeably on a company s net income statement as another word for revenue. Hence revenue is the amount. A statute imposing a tax to defray the expenses of government especially.