English · Work & Business
profit
/ˈprɒf.ɪt/
[/ˈprɒf.ɪt/]
financial gain
Beginnernoun
Definition
The money a business makes after all its costs have been paid; financial gain.
Example
The shop made a healthy profit this year after cutting costs and increasing its sales.
The shop made a healthy profit this year after cutting costs and increasing its sales.
Etymology
From Latin 'profectus' (progress, advance), from 'proficere' (to make progress).
How & Where It’s Used
A core business term; also a verb meaning to benefit.