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LSDefine
Simple English definitions for legal terms
revenue
Read a random definition: bona forisfacta
A quick definition of revenue:
Revenue: The money a person or organization earns from selling goods or services. It's like the income you get from your allowance or a job. Governments also earn revenue from taxes and fees that people and businesses pay. Marginal revenue is the extra money earned from selling one more item. Crown land revenue is the money earned from land owned by the British government.
A more thorough explanation:
Revenue refers to the total amount of money earned by a business or government from its operations or activities. It is the income stream that is used to pay for expenses and obligations.
- Gross revenue: The total amount of money earned by a business before any deductions or expenses are taken out.
- Land revenue: Revenue derived from lands owned by the Crown in Great Britain.
- Public revenue: A government's income, usually derived from taxes, levies, and fees.
For instance, a company's gross revenue is the total amount of money it earns from selling its products or services. Land revenue is the income generated from lands owned by the Crown in Great Britain. Public revenue is the money collected by the government from taxes, levies, and fees, which is then used to fund public services and infrastructure.