Define: Profit

UK Accounting Glossary

Definition: Profit


Quick Summary of Profit


Calculated as revenue minus expenses.


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What is the dictionary definition of Profit?

Dictionary Definition


  1. Total income or cash flow minus expenditures. The money or other benefits a non-governmental organisation or individual receives in exchange for products and services sold at an advertised price.
  2. dated, literary Benefit, positive result obtained.
  3. legal In property law, a nonpossessory interest in land whereby a party is entitled to enter the land of another for the purpose of taking the soil or the substance of the soil (coal, oil, minerals, and in some jurisdictions timber and game).

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Full Definition of Profit



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Profit FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/profit/
Modern Language Association (MLA):
Profit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 12, 2019 https://payrollheaven.com/define/profit/.
Chicago Manual of Style (CMS):
Profit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/profit/ (accessed: November 12, 2019).
American Psychological Association (APA):
Profit. PayrollHeaven.com. Retrieved November 12, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/profit/

Definition Sources


Definitions for Profit are sourced/syndicated from:


This glossary post was last updated: 23rd December 2018.