Proceeds

The term 'proceeds' refers to the total amount of money received from a sale, transaction, or event after all relevant costs or deductions have been accounted for. It can refer to revenue generated from auctions, fundraising events, sales of goods or services, and various other financial activities. The meaning can vary slightly based on context, but it always implies an element of financial gain or profit derived from a specific flow of transactions.

Proceeds meaning with examples

• After the charity gala concluded, the event organizers announced that the Proceeds would be donated to local shelters. They highlighted how the funds would help provide food, clothing, and essential services to those in need, demonstrating the positive impact such events can have on the community's well-being through collective efforts.
• The Proceeds from the merchandise sales will be directed towards funding the new community park. The initiative aims to enhance local recreational facilities, bringing together residents for gatherings and activities that promote a healthy lifestyle and foster a sense of community pride and engagement in a public setting.
• When the business was liquidated, the Proceeds from the asset sales were allocated to paying off debts. This process highlighted the importance of careful financial planning, as maximizing the Proceeds helped mitigate the financial losses incurred during the company’s downturn, allowing creditors to recover some of their investments.
• A local artist decided to auction off her artwork, with the Proceeds intended for environmental conservation efforts. The auction drew in a crowd of art enthusiasts, all eager to support a good cause while collecting unique pieces, showcasing the power of art in raising awareness and funds for critical issues in society.