🇰🇷Korean Source WordCode: KO

순이익

Pronunciation / Transliteration: sun-i-ik

🇬🇧 Direct English Meaning:
Net income/nɛt ˈɪn.kʌm/
nounCEFR B2 (Upper)Top #2450 frequency
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🇰🇷 Example Sentence in Korean:

"이번 분기 회사의 순이익이 크게 증가했습니다."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    An individual's income after taking taxes and other deductions into account; take-home pay.

    "After taxes and retirement contributions, her monthly net income is sufficient to cover all living expenses."
  2. 2

    The total earnings of a company after subtracting all operating expenses, interest, taxes, and preferred stock dividends from total revenues; net profit or bottom line.

    "The tech company reported a record net income of fifty million dollars for the fiscal year."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term combines 'net', derived from the Latin 'nitidus' meaning clean or clear (via Middle French and Old English referring to an amount remaining after deductions), and 'income', originating from Middle English meaning that which comes in. Historically formalized during the rise of modern accounting and taxation systems in the 19th century to designate ultimate corporate or individual profitability.

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