Effective Gross Income (egi)

Effective Age Reading Effective Gross Income (egi) 1 minute Next Eminent Domain

Definition: The anticipated income stemming from the estimated potential gross income from a rental property,  less deductions for vacancy and collection losses.

Pronunciation: \i-ˈfek-tiv, e-, ē-, ə-\

Used in a Sentence:  After calculating the vacancies and collection losses, the annual effective gross income for the apartment building was $72,330.

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