Definitions for "Effective gross income"
Related Terms:
Egi, Potential gross income, Gross operating income, Net operating income, Gross monthly income, Noi, Gross income, Gross annual income, Vacancy factor, Total income, Residual income, Agi, Deductions, Operating expense ratio, Rental income, Net rental income, Adjusted gross income, Personal income, Disposable income, Gross income multiplier, Taxable income, Fixed expenses, Deduction, Itemized deductions, Gross earnings, Gross-up, Adjusted available income, Net income, Gross revenue, Discretionary income, Efficiency ratio, Net effective income, Negative gearing, Marginal tax rate, Income, Tax deduction, Before-tax income, Unearned income, Housing expense-to-income ratio, National income, Savings ratio, Housing expense ratio, Negative income tax, Income tax, Interest coverage ratio, Deduct, Debt-to-income, Program income, Gross
Normal annual income, principally salary, that is regular, significant and stable.
Stabilized income after vacancy and bad debt allowances that a pro-perty is expected to generate.
The annual income before deductions used in the calculation of an applicant's debt service ratios.
Total income, including extra income that the lender considers when assessing a loan application, such as bonuses, rent payments, alimony or share dividends.
The total gross income from all sources, after allowing for vacancy and collection losses.
Normal annual income of an individual, including regular or guaranteed overtime. It may be from more than one source. Salary/wages are generally the principal source, but other regular, ordinary income may qualify.
Gross Potential Income, plus other income, minus Vacancy/Collection loss.
See Gross Operating Income
The anticipated income from all operations of the real property after an allowance is made for vacancy and collection losses.
Gross income of a building if fully rented, less an allowance for estimated vacancies.
The difference between the total gross income and the vacancy allowance.
regular annual income, usually wages and any other stable income source.
Normal annual income including overtime that is regular or guaranteed. The income may be from more than one source. Salary is generally the principal source. Endorsement The signature on the back of a check, bill, note or similar document. It is required on negotiable documents.
Stabilized income after vacancy and bad debt allowance that a property is expected to generate.
Normal annual income including overtime that is regular or guaranteed. The income may be from more than one source. Salary is generally the principal source, but other income may qualify if it is significant and stable.
The total income from a property generated by rents and other sources, less a vacancy factor estimated to be appropriate for the property. EGI is expressed as collected income before expenses and debt service. [Go to source
A borrowers normal annual income, including overtime that is regular or guaranteed.Salary is usually the principal source, but other income may qualify if it is significant and stable.
The estimated gross potential income less allowance for vacancies and/or credit losses; the estimated gross potential income less allowances for fluctuations.
Normal annual income including overtime that is guaranteed. The income may be from one/more sources.
1) For borrowers, the actual amount of money earned from stable sources over a set period (i.e. a month) before taxes and expenses are deducted. 2) For rental properties, the amount of income the property will produce if leased at market value before costs, taxes, upkeep and discounts for vacancy are deducted.
Estimated potential gross income of a rental property from all sources, less anticipated vacancy and collection losses.
The scheduled gross income of a property minus the vacancy rate.
Additional income that a lender considers when assessing the loan application of a potential borrower.
The amount of net income that remains after the deduction from gross income of vacancy and credit lossess. Back to the Top
Total rental income that can be earned, minus the value of rents based on vacancy rates.
For income-producing property, potential gross income, less a vacancy and collection
Additional income considered by a lender in assessing a loan application of a potential borrower.
The resulting amount when vacancy and collection losses are subtracted from potential gross income.
Normal annual income, which may include overtime and bonuses, that is regular, consistent and guaranteed. A person's salary is usually the prime source, but other income may qualify if it is significant, documented and stable.
Annual income including overtime that is verifiable, which can be from more than one source if stable and verifiable.