PROFIT Definition

Bookmark and Share

PROFIT is the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses).

Learn new Accounting Terms

MARGINAL TAX RATE is the top rate of income tax that is charged to individuals on their earnings.

REVENUE is the inflows of assets from selling goods and providing services to customers; including the reduction of liabilities from selling goods and providing services to customers.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.