Legal Definitions - earner

Earner

An "earner" refers to anything that generates income. This term can describe an individual who produces income through their personal work, skills, or investments. It can also refer to an asset or property that itself generates financial returns for its owner.

Here are some examples illustrating the concept of an earner:

• A freelance graphic designer:This individual is an earner because they generate income directly through their personal efforts and creative skills by completing design projects for various clients. Their active work directly translates into financial compensation.
• A commercial office building:In this context, the office building itself is considered an earner. It consistently generates income for its owner through the collection of rent from businesses that lease space within it, acting as an income-producing asset.
• A patent holder receiving royalties:An inventor who holds a patent for a new technology and licenses it to companies is an earner. The patent, as intellectual property, generates income in the form of royalty payments for the owner without requiring their direct labor in manufacturing or sales.