Stated income


A document specification that requires the lender to confirm the borrower's source of income, but not the total amount earned.

Use Stated income in a sentence

I had to get my stated income ready because other people needed to know it and figure it out for me.

​ Was this Helpful? YES  NO 10 people found this helpful.

You should always make sure that you correctly give your stated income so that others can help you out from that.

​ Was this Helpful? YES  NO 9 people found this helpful.

When filling out a loan form it will be necessary to enter your stated income so the bank may be assured you have a means for paying back the loan.

​ Was this Helpful? YES  NO 7 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
stated capital stated maturity