profits

prof·it

P0583200 (prŏf′ĭt)n.1. An advantageous gain or return; benefit.2. Financial gain from a transaction or from a period of investment or business activity, usually calculated as income in excess of costs or as the final value of an asset in excess of its initial value.v. prof·it·ed, prof·it·ing, prof·its v.intr.1. To make a gain or profit.2. To derive advantage; benefit: profiting from the other team's mistakes.v.tr. To be beneficial to: What has all this time in school profited you?

[Middle English, from Old French, from Latin prōfectus, from past participle of prōficere, make progress, to profit : prō-, forward; see pro-¹ + facere, to make; see dhē- in Indo-European roots.]

prof′it·less adj.

Thesaurus

Noun	1.	profits - the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)earnings, net income, net profit, profit, lucre, netincome - the financial gain (earned or unearned) accruing over a given period of timeearning per share - the portion of a company's profit allocated to each outstanding share of common stockwindfall profit - profit that occurs unexpectedly as a consequence of some event not controlled by those who profit from itcleanup, killing - a very large profitfast buck, quick buck - quick or easy earnings, "they are traders out to make a fast buck"filthy lucre - shameful profit; "he would sell his soul for filthy lucre"gross profit, gross profit margin, margin - (finance) the net sales minus the cost of goods and services soldshare, percentage, portion, part - assets belonging to or due to or contributed by an individual person or group; "he wanted his share in cash"markup - the amount added to the cost to determine the asking priceaccumulation - (finance) profits that are not paid out as dividends but are added to the capital base of the corporationdividend - that part of the earnings of a corporation that is distributed to its shareholders; usually paid quarterly
	2.	profits - something won (especially money) winnings, winfinancial gain - the amount of monetary gain

Profits

Related to Profits: Accounting Profits

PROFITS. In general, by this term is understood the benefit which a man derives from a thing. It is more particularly applied to such benefit as arises from his labor and skill.
2. It has, however, several other meanings. 1. Under the term profits, is comprehended the produce of the soil, whether it arise above or below the surface as herbage, wood, turf, coals, minerals, stones, also fish in a pond or running water. Profits are divided into profits a prendre, or those taken and enjoyed by the mere act of the proprietor himself; and profits a rendre, namely, such as are received at the hands of, and rendered by another. Ham. N. P. 172.
3.-2. When land is devised to pay debts and legacies out of rents and profits, the land may be sold; otherwise, if out of the annual rents and profits. 1 Vern. 104, ca. 90.
4.-3. The natural meaning of raising by rents and profits, is by the yearly profits but to prevent an inconvenience the word profits has, in some particular instances, been extended to any profits the land will yield, either by sale or mortgage; 1 Ch. Ca. 176; 2 Ch. Ca. 205; 2 Vern. 420; 1 P. Wms. 468; Pre. Ch. 586; 2 P. Wms. 19; 2 Ves. Jr. 481, n.; 2 Bro. Par. Cas. 418; 1 Atk. 506. Id. 550; 2 Atk. 358 where cases on raising portions in the life of parents and to the prejudice of the remainder-man are considered; and vide Powell on Mort. 90, et seq. But in no case where there are subsequent restraining words, has the word profit; been extended. Pre. Ch. 586, note, and the cases cited there; 1 Atk. 506; 2 Atk. 105.
5.-4. A devise of profit considered, at law and in equity, a devise of the land itself. 1 Atk. 506; 1 Ves. 171 et vide 1 Ves. 42; 2 Atk. 358; 1 Bro. Ch. R. 310; 9 Mus. R. 372; 1 Pick. R. 224; 2 Pick. R. 425; 4 Pick. R. 203.
6.-5. Where an assignment of rents and profits recites the intention of the parties then to make a security for money borrowed, and there is a covenant for further assurance, this amounts to an equitable lien, and would entitle the assignee to insist upon a mortgage. 2 Cox, 233; S. C. 1 Ves. Jr. 162; see also 3 Bro. C. C. 538; S. C. 1 Ves. Jr. 477.
7.-6. Much doubt has arisen upon the question, whether the profit expected to arise upon maritime commerce be a proper subject of insurance. 1 Marsh. on Ins. 94. In some countries, as Holland and France, Code de Com. 347, it is illegal to insure profits; but in England, profits expected to arise from a cargo of goods may be insured. 1 Marsh. on Ins. 97.
8.-7. Personal representatives and trustees are generally bound to account for all the profits they make out of the assets entrusted to them. See Toll. Ex. 486; 1 Serg. & Rawle, 245; 1 T. R. 295; 1 M. & S. 412; Supp. to Ves. Jr., Notes to Wilkinson v. Stratford, 1 Ves. Jr. 32 Paley on Agency, 48, 9.
9.-8. In cases of breach of contract, the plaintiff cannot in general recover damages for the profits he might have made. 1 R. 85, 94; S. C. 3 W. C. C. R. 184; 1 Pet. R. 172; see also 1 Yeates, 36; 11 Serg. & Rawle, 445.
10.-9. It is a general rule that any participation in the profits of a trade or business, makes a person receiving such profits responsible as a partner. Gow on Part.; 6 Serg. & Rawle, 259; 1 Com. on Contr. 287 to 293. See generally on this subject, 3 W. C. C. R. 110; 15 Serg. & Rawle, 137; Chit. on Contr. 67; 6 Watts & Serg. 139.
11. But it is proper to observe that to make one a partner he must have such an interest in the profits as will entitle him to an account as it partner; he must be entitled to them as a principal. A clerk who receives a salary to be paid out of the profits would not be so considered, for there is a distinction between receiving the profits as such, and a commission on tile profits, and although this seems, at first sight, but a flimsy distinction, it appears to be a well settled rule of law. 15 S. & R. 157; 6 S. R. 259; 1 Denio, 337; 20 Wend. 70; 3 M. Gr. & So. 32; 17 Ves. 404; 1 Camp. 329; 2 H. Bl. 590; 3 M. G. & S. 651; 3 Kent, Com. 25, note (b) 4th ed.; Cary on Partn. 11; Colly on Part. p. 17; Addis on Contr. 451; 4 M. & S. 244; Russ. & Ry. 141; 3 M. & P. 48; 5 Taunt. 74; 4 T. R. 144. The Roman law, Dig. 17, 2, 44; Poth. Pand. 17, 2, 4; and the French law, 5 Duv. Dr. Civ. Fr. n. 48; 17 Dur. Dr. Fr. n. 332; Poth. du Contrat de Societe, n. 13, recognize the same distinction. Such is also the law of Scotland. Burt. Man. P. L. 178. When there are no stipulations to the contrary, the profits are to be enjoyed, and the losses borne by all the partners in equal proportions. Wats. Partn. 59, 60; Colly. Partn. 105; 6 Wend. 263; Story, Partn. Sec. 24; 7 Bligh, R. 132; Wilson & Shaw. 16.
12.-10. A purchaser is entitled to the profits of the estate from the time fixed upon for completing the contract, whether he does or does not take possession of the estate. Sugd. on Vend. 353. See 6 Ves. Jr. 143, 352.
13. Profits among merchants are divided into gross profits and net profits. The former are the profits without any deduction for losses; the latter are the same profits, after having deducted all the losses. Story, Partn. Sec. 34.

profits

prof·it

Profits

profits

Synonyms for profits

noun the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)

Synonyms

Related Words

noun something won (especially money)

Synonyms

Related Words