Cool MateProceeds
UK /["/ˈprəʊsiːdz/"]/US /["/ˈprəʊsiːdz/"]/
Definition
the money that you receive when you sell something or organize a performance, etc.; profits
In simple words: Money that is made from selling something.
Examples
- She sold her car and bought a piano with the proceeds.
- The proceeds of the concert will go to charity.
- The proceeds will be used to improve the school playground.
- They bought a new minibus with the proceeds from the auction.
- Net proceeds for 2023 were $16 million and will be used to fund further growth.
Usage notes
Use 'proceeds' in contexts related to business or fundraising. It's not suitable for casual conversations or informal settings.
Grammar pattern
proceeds + from + object
Memory hint
Think of 'proceeds' as the 'money proceeds after sales'!
Collocations
- total
- gross
- net
- use
- invest
- split
- benefit something
- go to something
- on the proceeds
- with the proceeds
- proceeds from
- your share of the proceeds
Synonyms
- earnings
- profits
- revenues
- gains
Antonyms
- losses
- expenses
- costs
Common mistakes
- Confused with 'proceed' which means to move forward.
- Using it incorrectly as an action verb rather than a noun.
- Mixing up singular and plural forms.