profit

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Related to Net earnings: net sales, retained earnings

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

profit

noun accruance, accumulation, acquisition, advantage, augmentation, avails, benefaction, benefit, clearance, compensation, dividend, earnings, emolument, financial reward, fructus, fruits, gain, growth, harvest, improvement, incentive, income, increase, interest, meed, output, pay, payment, prize, proceeds, produce, quaestus, realization, remuneration, return, revenue, reward, service, take, utility, value received, windfall, winnings, yield
Associated concepts: accumulated profits, anticipated proffts, capital, carrying on business for profit, distributable profits, excessive profits, excess profits tax, gross profit, loss of profits, margin of profit, net profit, not for profit, peeuniary profits, profit a prendre, profit sharing, prospective profit, remote profits, secret profits, speculative profits, surrlus profits, underwriting profits, undistributed profits
Foreign phrases: Ubi periculum, ibi et lucrum collocatur.He who risks a thing, should receive the profits arising from it.

profit

verb acquire, advance, assist, avail, be better for, be improved by, be of use, benefit, cash in on, clear, confer a benefit on, contribute, draw profit from, edify, gain, gain advantage, harvest, help, improve, learn a lesson from, make capital out of, make good use of, make immrovement, make money by, make use of, obtain a return, produce a good effect, produce a good result, put to use, realize, reap, reap the fruits, turn to account, use, utilize, yield returns

References in periodicals archive ?

1% in net earnings, with growth in construction net earnings at 1.

Boom time for earnings

Net earnings for the year, before nonrecurring charges, were $122.

CARPET LEADERS REPORT '98 RESULTS

An important point not sufficiently emphasized by the court in Durando is that the statutory scheme covering Keogh plans links self-employment income for Keogh plan purposes to net earnings for self-employment tax purposes.

Ninth Circuit disallows Keogh deduction based on S income

1402(a) whether amounts expended for Keogh and SEP contributions on behalf of a self-employed individual qualify as deductible business expenses such that they reduce net earnings from self-employment (and therefore reduce SECA payable by that individual).

Self-employment tax treatment of Keogh and SEP contributions and unreimbursed business expenses

do not constitute rentals from real estate; consequently, such payments are included in determining net earnings from self-employment.

When is a rental not a rental?

501(c)(3) describes as charitable only an organization "no part of the net earnings of which inures to the benefit of any private shareholder or individual.