Profit
/ˈprɒfɪt/
Definitions
- (n.) The financial gain obtained when revenue exceeds expenses in a business transaction or operation.
The company reported a significant profit last quarter.
- (v.) To gain a benefit or advantage, especially financial.
The investor profited from the stock market rise.
Forms
- profits
- profited
- profiting
Related terms
See also
Commentary
In legal contexts, 'profit' often distinguishes net financial gain after all costs; clarity is key to avoid ambiguity with gross revenue.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.