Profit (West's Encyclopedia of American Law)
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.
(The entire section is 95 words.)
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