Other Free Encyclopedias :: Law Library - American Law and Legal Information :: American Law Encyclopedia Vol 8

Profit

Most commonly, the gross proceeds of a business transaction less the costs of the transaction; i.e., net proceeds. Excess of revenues over expenses for a transaction; sometimes used synonymously with net income for the period. Gain realized from business or investment over and above expenditures.

Accession of good, valuable results, useful consequences, avail, or gain. The benefit, advantage, or pecuniary gain accruing to the owner or occupant

A sample profit and loss statement

of land from its actual use; as in the familiar phrase rents, issues and profits, or in the expression mesne profits.

Profit a Prendre [next] [back] Proffer

User Comments Add a comment…