fundamentals
profit
The financial gain remaining after all expenses and costs have been deducted from revenue.
Example
"The company made a profit of $2 million last quarter after paying all expenses."
💡 Memory Tip
PROFIT is what PROGRESSES to you after costs. Revenue minus expenses = profit.
Etymology
From Latin 'profectus' meaning 'progress, advance' — financial progress after expenses.
Common Misspellings
proffitprofiitprfitprofet
Related Terms
See Also
expense