PROFITS
Categories: Property
Definition (1910 Edition)
1. The advance in the pricc of goods sold beyond the cost of purchase. The gain made by the sale of produce or manufactures, after deducting the value of the labor, materials, rents, and all expenses. together with the interest of the capital employed. Webster. See Providence Rubber
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain.
UK commentary and modern updates are original additions. This entry is for educational
reference only and does not constitute legal advice.