Simple English definitions for legal terms
Read a random definition: non sequitur
Nonoperating income refers to the money earned by a business from investments or other sources that are not related to its primary operations. It is a type of income that is not generated from the regular business activities of a company.
Examples of nonoperating income include:
These examples illustrate how a business can earn income from sources other than its primary operations. For instance, a company may invest in stocks and earn dividends from those investments. This income is considered nonoperating because it is not generated from the company's regular business activities.
non omittas propter liberatem | nonoperative performance bond