recurring income
/riˈkɜːrɪŋ ˈɪnˌkʌm/ · re.cur.ring.in.com.e
noun
- A steady and predictable flow of income that is received at regular intervals. Her recurring income from freelance writing allows her to cover her living expenses.
- A type of income that is paid at regular intervals, often in exchange for a service or product. The subscription-based model provides a recurring income stream for the company.
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Did you know? The concept of recurring income is crucial in personal finance and business planning, as it allows individuals and companies to budget and plan for the future with greater accuracy.