profit
1prof·it
noun, often attributive \ˈprä-fət\Definition of PROFIT
1
: a valuable return : gain
2
: the excess of returns over expenditure in a transaction or series of transactions; especially : the excess of the selling price of goods over their cost
3
: net income usually for a given period of time
4
: the ratio of profit for a given year to the amount of capital invested or to the value of sales
5
: the compensation accruing to entrepreneurs for the assumption of risk in business enterprise as distinguished from wages or rent
— prof·it·less \-ləs\ adjective
— prof·it·wise \-ˌwīz\ adverb
See Examples of PROFIT
- The company made a profit this year.
- Profits are up from last year.
- There was a rise in profits this year.
- The profits from CD sales were donated to charity.
- The organization is not run for profit.
- The film made $1,000,000 in profit.
- The book can be read with profit by anyone who wants to understand how the system works.
Origin of PROFIT
Middle English, from Anglo-French, from Latin profectus advance, profit, from proficere
First Known Use: 14th century
Related to PROFIT
Other Economics Terms
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