American English

Definition of profit verb from the Oxford Advanced American Dictionary



[intransitive, transitive] (formal)Verb Forms present simple I / you / we / they profit
he / she / it profits
past simple profited
-ing form profiting
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to get something useful from a situation; to be useful to someone or give them an advantage profit (from something) Farmers are profiting from the new legislation. profit (by something) We tried to profit by our mistakes (= learn from them). profit something Many local people believe the development will profit them.
See the Oxford Advanced Learner's Dictionary entry: profit