income which remains stable over a period of time
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Explanation:
recurring income
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Income that remains stable periodically on a regular basis is called Recurring Income.
Explanation:
In any business,recurring income or revenue basically refers to a income financial inflow that is stable or consistent over a certain period of time,usually monthly or yearly.Any business with a recurring income is considered a stable and secured business.Under recurring business,the firm or company can effectively predict the expected revenue loss and new sources of potential revenue generation and adjust business operations accordingly.Recurring income model also provides a way to ensure long term financial sustainability of any business.
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