Savings vs Profit - What's the difference?
savings | profit |
That which has been saved, particularly money that has been set aside for the future.
English plurals
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.
As nouns the difference between savings and profit
is that savings is that which has been saved, particularly money that has been set aside for the future while profit is 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.As a verb profit is
to benefit (somebody), be of use to (somebody).savings
English
Noun
(-)- The collapse of Enron wiped out the life savings of many people, leaving them poor in their retirement.
Derived terms
* life savingsAntonyms
* (that which has been saved) dissavingsprofit
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.