in-kind income

Definition

Non-cash payments received in exchange for services rendered or in lieu of a cash contribution. In-kind income can come in the form of provisions, such as free rent, or free meals, or it can come in the form of property, or an exchange of services.

Use in-kind income in a sentence

We had a lot of in-kind income and that meant that there was an exchange that went on between people.

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John Smith lived lived in his town home for free as an In-kind income payments for his services as building manager.

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He had in-kind income that was apart of the deal according to tax records. That income or any like it is to be considered.

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in-kind distribution inner city