Income you have to claim on your tax return which is taxable but you actually never received cash for.
Congratulations on your new company car but if you use it for personal purposes, you have to worry about phantom income.
by giantfan1 October 11, 2012

Assassin and princess of the phantom corp mafia. Daughter of lord henryk and fiance to prince Jay and princess carmana.The puppy dog of the estate. Has a rather large feline christened midnight and her whereabouts are unknown at this time. Past owner of the Dice culteration and the winner of many Grand Prix horse competitions.
by Molly wanna cracker January 23, 2024

When you lose your butthole or it falls off and you forget that you don’t have a butthole anymore and try to poop but nothing happens.
by Fartman696969 October 28, 2021

My car's a '99 Camry (shifter on the floor between the front seats). My wife's car is an '02 Odyssey (shifter on the steering column). Any time we use each others' cars, we come down with a case of phantom shiftosis syndrome.
by Frank in Spokane February 15, 2013

This new person is something else, they’ve only been here a couple weeks and they’re telling me I’m doing my job wrong! They have Phantom Superiority Syndrome baaaaaaad yo!
by Sheldon Waverly January 12, 2023

a magic elf that lives in store bought condoms that uncomfortably manoeuvres your dick in a painful direction during sex
James: I was having sex with Christopher up the ass and I then I got surprised by the dick phantom
Sarah: oh that's terrible is your dick ok?
Sarah: oh that's terrible is your dick ok?
by dickhandlerdickthe boiiiiiiiii October 31, 2017

by myhumanrevolution June 2, 2015
