Profit vs Expense - What's the difference?
profit | expense |
Total income or cash flow minus expenditures. The money or other benefit a non-governmental organization or individual receives in exchange for products and services sold at an advertised price.
* Rambler
* {{quote-magazine, date=2013-06-22, volume=407, issue=8841, page=68, magazine=(The Economist)
, title= (dated, literary) Benefit, positive result obtained.
* Bible, 1 Corinthians vii. 35
* Shakespeare
(legal) In property law, a nonpossessory interest in land whereby a party is entitled to enter the land of another for the purpose of taking the soil or the substance of the soil (coal, oil, minerals, and in some jurisdictions timber and game).
To benefit (somebody), be of use to (somebody).
* Bible, Hebrews iv. 2
* Dryden
To benefit, gain.
To take advantage of, exploit, use.
A spending or consuming. Often specifically an act of disbursing or spending funds.
* , Sonnet 44:
That which is expended, laid out, or consumed. Sometimes with the notion of loss or damage to those on whom the expense falls.
(obsolete) Loss.
* , Sonnet 30:
To charge a cost against an expense account; to bill something to the company for which one works.
As nouns the difference between profit and expense
is that profit is profit while expense is a spending or consuming often specifically an act of disbursing or spending funds.As a verb expense is
to charge a cost against an expense account; to bill something to the company for which one works.profit
English
(wikipedia profit)Noun
(en noun)- Let no man anticipate uncertain profits .
T time, passage=The ability to shift profits' to low-tax countries by locating intellectual property in them, which is then licensed to related businesses in high-tax countries, is often assumed to be the preserve of high-tech companies. […] current tax rules make it easy for all sorts of firms to generate […] “stateless income”: ' profit subject to tax in a jurisdiction that is neither the location of the factors of production that generate the income nor where the parent firm is domiciled.}}
- This I speak for your own profit .
- if you dare do yourself a profit and a right
Usage notes
Regarding the income sense, when the difference is negative the term loss is correct. Negative profit does appear in microeconomics. Profit by a government agency is called a surplus.Synonyms
* gainAntonyms
* lossVerb
(en verb)- The word preached did not profit them.
- It is a great means of profiting yourself, to copy diligently excellent pieces and beautiful designs.
Derived terms
* book profit * for-profit * for fun and profit * nonprofit * not-for-profit * paper profit * profit from * profitable * profitably * profiteer * profit margin * profit sharing * profit takingExternal links
* * ----expense
English
Noun
(wikipedia expense) (en noun)- She went to great expense to ensure her children would get the best education.
- Buying the car was a big expense , but will be worth it in the long run.
- We had a training weekend in New York, at the expense of our company.
- Husband nature's riches from expense .
- Jones reached the final at the expense of Jones, who couldn´t beat him.
- And moan the expense of many a vanished sight.
Synonyms
* (that which is expended) cost, charge, outlay, disbursement, expenditure, paymentDerived terms
* expense accountVerb
- It should be acceptable to expense a business lunch with a client.