profit

/ˈprä-fət/

Middle English, from Anglo-French, from Latin profectus advance, profit, from proficere

noun

  1. a valuable return : gain

  2. the excess of returns over expenditure in a transaction or series of transactions; especially : the excess of the selling price of goods over their cost

  3. net income usually for a given period of time

verb

  1. to be of service or advantage : avail

  2. to derive benefit : gain

  3. to make a profit

noun

  1. a summary account used at the end of an accounting period to collect the balances of the nominal accounts so that the net profit or loss may be shown