Define: Windfall Gains And Losses

UK Accounting Glossary

Definition: Windfall Gains And Losses


Quick Summary of Windfall Gains And Losses


Gains and losses arising from actual or prospective receipts that differ from those originally predicted.




What is the dictionary definition of Windfall Gains And Losses?

Dictionary Definition


These are gains and losses arising from actual or prospective receipts that differ from those originally predicted; or from changes in the net present value (NPV) of the receipts as a result of differences in discount rates.


Advertisement



Full Definition of Windfall Gains And Losses


Windfall gain (or windfall profit) is an unexpected gain in income which could be due to winning a lottery, unforeseen inheritance or shortage of supply. Windfall gains are transitory in nature.


Advertisement



Examples of Windfall Gains And Losses in a sentence


All income in kind, gambling gains and losses, capital gains and losses, windfall profits, and so on, are excluded.


Windfall Gains And Losses FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/windfall-gains-and-losses/
Modern Language Association (MLA):
Windfall Gains And Losses. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 19, 2019 https://payrollheaven.com/define/windfall-gains-and-losses/.
Chicago Manual of Style (CMS):
Windfall Gains And Losses. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/windfall-gains-and-losses/ (accessed: November 19, 2019).
American Psychological Association (APA):
Windfall Gains And Losses. PayrollHeaven.com. Retrieved November 19, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/windfall-gains-and-losses/

Definition Sources


Definitions for Windfall Gains And Losses are sourced/syndicated from:


This glossary post was last updated: 4th May 2019.