proceeds
Webster's Unabridged Dictionary:
Top
Pro·ceeds
n. pl.
That which comes forth or results; effect; yield; issue; product; sum accruing from a sale, etc.
Barron's Banking Dictionary:
Top
Proceeds
1. Amount given to a borrower after prepaid interest, loan fees, and other costs are deducted.
2. Funds received from the sale of assets, or from the issue of securities, after deduction of selling or marketing expenses incurred.
3. Sum collected on a Check or other negotiable instrument after deduction of exchange or collection charges.
West's Encyclopedia of American Law:
Top
Proceeds
This entry contains information applicable to United States law only.
The yield, income, money, or anything of value produced from a sale of property or a particular transaction.
Proceeds refers to whatever is received when an item is sold or to that which results or accrues from some possession or transaction. Proceeds are classified into cash and noncash categories.
Post a question - any question - to the WikiAnswers community:
Copyrights:
Barron's Banking Dictionary
Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.
Read more
