Surplus revenue after deduction of expenditure shown in the profit and loss account of the company.
Easyform Glossary of Law Terms. — UK law terms.
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profits — Gains. The excess of gross sales over cost of goods plus expenses of operation. McDaniel v State Fair (Tex Civ App) 286 SW 513, 516. The excess of receipts over expenditures. Connolly v Davidson, 15 Minn 519. For some purposes, the equivalent of… … Ballentine's law dictionary
profits — noun Collective form of profit … Wiktionary
profits — profÂ·it || prÉ‘fÉªt / prÉ’ n. earnings, financial gain; benefit, avail; financial income; advantage, privilege v. earn income, make financial gains; be of service, be beneficial, be advantageous … English contemporary dictionary
profits — noun 1. the excess of revenues over outlays in a given period of time (including depreciation and other non cash expenses) (Freq. 6) • Syn: ↑net income, ↑net, ↑net profit, ↑lucre, ↑profit, ↑earnings • Derivationally re … Useful english dictionary
profits warning — ˈprofits ˌwarning noun [countable usually singular] especially BrE FINANCE an occasion when a company announces that its profit for a particular period of time will be less than expected: • The company issued a profits warning in May, telling… … Financial and business terms
profits interest — USA partnership interests (or interests of an entity that is treated as a partnership for tax purposes such as the membership interests of an LLC) can be divided into a capital interest and a profits interest. A profits interest is a right to… … Law dictionary
profits warning — UK US noun [countable] [singular profits warning plural profits warnings] business an announcement by a company of lower than expected profits for a particular period Thesaurus: relating to making profit … Useful english dictionary
profits policy — ➔ insurance policy … Financial and business terms
profits from employment — index earnings Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
profits of commerce — index income Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary