profits

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 income. Anno: 24 ALR 17; 130 ALR 512. The return to capital rather than earnings from labor performed or services rendered. Columbus Mining Co. v Ross, 218 Ky 98, 101, 290 SW 1052. See mesne profits; net profits; undivided profits.

Ballentine's law dictionary. . 1998.

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  • 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

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  • 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

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