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Profit vs Receipt - What's the difference?

profit | receipt |

As nouns the difference between profit and receipt

is that profit is profit while receipt is the act of receiving, or the fact of having been received.

As a verb receipt is

to give or write a receipt (for something).

profit

English

(wikipedia profit)

Noun

(en noun)
  • 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
  • Let no man anticipate uncertain profits .
  • * {{quote-magazine, date=2013-06-22, volume=407, issue=8841, page=68, magazine=(The Economist)
  • , title= 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.}}
  • (dated, literary) Benefit, positive result obtained.
  • * Bible, 1 Corinthians vii. 35
  • This I speak for your own profit .
  • * Shakespeare
  • if you dare do yourself a profit and a right
  • (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).
  • 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

    * gain

    Antonyms

    * loss

    Verb

    (en verb)
  • To benefit (somebody), be of use to (somebody).
  • * Bible, Hebrews iv. 2
  • The word preached did not profit them.
  • * Dryden
  • It is a great means of profiting yourself, to copy diligently excellent pieces and beautiful designs.
  • To benefit, gain.
  • To take advantage of, exploit, use.
  • 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 taking

    receipt

    English

    Noun

    (en noun)
  • The act of receiving, or the fact of having been received.
  • *(William Shakespeare) (c.1564–1616)
  • *:at the receipt of your letter
  • (label) The fact of having received a blow, injury etc.
  • *, Bk.VI, Ch.xvi:
  • *:And therewith Sir Launcelot gate all his armoure as well as he myght and put hit upon hym for drede of more resseite .
  • (label) A quantity or amount received; takings.
  • :
  • A written acknowledgment that a specified article or sum of money has been received.
  • A recipe, instructions, prescription.
  • *Sir (Thomas Browne) (1605-1682)
  • *:She had a receipt to make white hair black.
  • (label) A receptacle.
  • (label) A revenue office.
  • (label) Reception, as an act of hospitality.
  • *(George Chapman) (1559-1634)
  • *:thy kind receipt of me
  • (label) Capability of receiving; capacity.
  • *(John Evelyn) (1620-1706)
  • *:It has become a place of great receipt .
  • (label) A recess; a retired place.
  • *(George Chapman) (1559-1634)
  • *:in a retired receipt together lay
  • See also

    * (l)

    Verb

    (en verb)
  • To give or write a receipt (for something)
  • to receipt delivered goods
  • To put a receipt on, as by writing or stamping; to mark a bill as having been paid
  • to receipt a bill

    See also

    * rcpt * sales slip

    Anagrams

    *