1901, p. 2370).— Annual income. Annual income is annual receipts from property. Income means that which comes in or is received from any business, or investment of capital, without reference to the outgoing expenditures. Betts v. Betts, 4 Abb. N. C. in . ¥.) 400.—Annual pension. In Scotch law. <A yearly profit or rent.— ual rent. In Scotch law. Yearly interest on a loan of money.—Annual value. The net yearly income derivable from a given piece of property; its fair rental value for one year, deducting costs and expenses; the value of its use for aA year.