[plural] proceeds (of/from something) the money that you receive when you sell something or organize a performance, etc.; profits She sold her car and bought a piano with the proceeds. The proceeds of the concert will go to charity. Word Origin early 17th cent.: plural of the obsolete noun proceed, in the same sense, earlier meaning ‘procedure’.Extra examples All the proceeds will go to a local charity. I sold my car and I’m planning a long holiday on the proceeds. She bought a new car with her share of the proceeds. The proceeds will be used to improve the school playground. They bought a new minibus with the proceeds from the auction. Net proceeds for 2007 were $16 million and will be used to fund further growth.