Profit

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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.

References in periodicals archive ?
"Profit Sharing in a Unionized Economy With Imperfect Competition." International Journal of Industrial Organization, 6, 1988, 47-57.
Unlike profit sharing plans, gainsharing plans need not be reported to the Internal Revenue Service, so the exact number of these plans is unknown.
An article addressing these subjects, "Using a Profit Sharing Plan as an Estate Planning Tool," by Andrew J.
While both profit sharing plans and ESOPs will make workers better off if the company prospers, the reward from extra effort that goes to the individual worker will be small, especially if the firm is large.
Turning to the results on productivity first, Kruse finds that productivity growth in profit sharing companies is 3.5--5.0% higher than in companies not using profit sharing.
In the past, several alternatives, such as profit sharing, gain sharing, and incentive pay, have been used to promote productivity in the workplace.
The sum of the salary deferral and profit sharing contributions cannot exceed the 2010 Individual 401(k) Plan contribution limit.
The problem is that profit sharing pays agency salaries.
Argeros said he has seen his profit sharing double during the past four or five years, something he attributes to his aggressive approach in keeping homeowners policyholders informed about the importance of insurance to value.
The profit sharing trust assembled the land in two buys totaling $411,000.
"While pension plans, profit sharing, and ESOP programs don't have immediate impact, and, therefore, aren't as motivational for younger workers, we've found that empowering them does, because they immediately can see their results in the workplace."
Popular types of prof-it-sharing plans that we have developed include the "service-weighted" profit-sharing plan and the "owner or stock-weighted" profit sharing plan.