Is proceeds the same as profit?
Is proceeds the same as profit?
As nouns the difference between profit and proceeds is that profit is total income or cash flow minus expenditures the money or other benefit a non-governmental organization or individual receives in exchange for products and services sold at an advertised price while proceeds is revenue; gross revenue.
What does 100 percent of proceeds mean?
When an organization says “100% of the proceeds are going to xxx charity” what they mean (theoretically) is that the operating costs are going to be subtracted from the donations, and the remaining balance (if any) will go to that charity.
What is the legal definition of proceeds?
Legal Definition of proceeds 1 : money or other property received as the result of a sale or other transaction especially involving collateral retain a security interest in the proceeds of collateral. 2 : money received from an insurance policy.
What is another word for proceeds?
Some common synonyms of proceed are arise, derive, emanate, flow, issue, originate, rise, spring, and stem.
What are results and proceeds?
Results and Proceeds means all results and proceeds of all individual writers or artists engaged pursuant to Third Party Agreements or who otherwise provided work-made-for-hire or other services to MEI and/or MEG, or any Affiliate of MEI and/or MEG (except for MCI) or any predecessor entity to MEI or MEG relating to …
What does use of proceeds mean?
What is the Use of Proceeds Statement? The use of proceeds statement is a short document that summarizes how a company that aims to secure additional capital is going to spend the funds. In other words, the document provides the reader with a snapshot of what aspects of the business the company will spend money on.
What does loan proceeds mean in accounting?
loan proceeds. the net amount of money that a lender disburses for a loan. Example: A borrower agreed to a $100,000 mortgage loan.
What are Bank proceeds?
The amount received from the sale of an asset, from the issuance of bonds or stock, or from a bank loan.
