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Profit |
Also found in: Medical, Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.07 sec. |
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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 of land from its actual use; as in the familiar phrase rents, issues and profits, or in the expression mesne profits. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Felix Barber and Rainer Strack of the Boston Consulting Group devised a means of reformatting a traditional measure of economic profit to one that is meaningful for people-intensive businesses. The taxpayer's objective must be to achieve an economic profit independent of tax considerations" (George Gianaris, TC Memo 1992-642). The present value of future compensation will be sensitive to current shareholder return if stock and option grant guidelines provide for a fixed number of shares or the bonus plan gives managers a fixed percentage interest in economic profit or economic profit improvement. |
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