proceeds
n. US //pɹəˈsidz// pro·ceeds
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1 money from a sale or event (n.) C1 Advanced Formalthe total amount of money you receive from selling something or holding a special event.
the total amount of money generated from a specific transaction, sale, or fundraising activity. Plural-only; often used with the preposition 'of'.
ExampleAll the proceeds from the bake sale will go to the local animal shelter.
ExampleThe net proceeds of the property sale were distributed among the heirs after all legal fees and outstanding debts had been settled.
UsageAlways used in the plural form 'proceeds' when referring to money.
Teacher's tipLearners often confuse this with 'profit'. While 'proceeds' can mean profit, it usually refers to the total amount of money collected before expenses are taken out.
- losses
- expenditure
PitfallThe proceed from the auction was high.The proceeds from the auction were high.In this sense, the word is always plural and takes a plural verb.