Definition of proceeds noun from the Oxford Advanced Learner's Dictionary

  

proceeds

 noun
noun
BrE BrE//ˈprəʊsiːdz//
 
; NAmE NAmE//ˈproʊsiːdz//
 
 
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[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.
See the Oxford Advanced American Dictionary entry: proceeds

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