Gain

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Gain

A profit on a securities transaction recognized by selling a security for more than the security originally cost. The gain is the difference between the cost and the sale.

Gain

An increase in price or value. For example, if a stock opens at $10 and closes at $12, it is said to gain $2. Likewise, if one buys a house for $200,000, and its value is later assessed $325,000, the house has gained $125,000. See also: Capital gains, Paper gain, Uptick.

gain

The excess of the amount received as opposed to the amount expended in a transaction. For example, receipt of $4,500 from the sale of an asset with a book value of $3,000 results in a gain of $1,500. Compare loss.

gain

The profit on the sale of an asset.One may realize gain,as when property is taken in condemnation, but not recognize gain for tax purposes until a later date. When reading tax advice, it is extremely important to differentiate between these two concepts, as authors sometimes assume that all readers understand the difference.

Gain

The excess of the amount realized from a sale or exchange over the adjusted basis of the property sold or exchanged.
References in classic literature ?
For a whole hour the frigate kept up this pace, without gaining six feet.
For the balance of the day and all the following night we raced across that ochre wilderness with the pursuers at our back ever gaining upon us.
But chance decreed, at the moment of plunging into the staircase, that he was attracted by a moving point then gaining ground upon that road.
In a moment I was knee-deep in rotting vegetation, and the awful thing behind me was gaining rapidly as I floundered and fell in my efforts to extricate myself.
We were now picking up speed a trifle, and he was not gaining upon us so fast as at first.
We were two days in gaining the lake, and we were weak with hunger; but on its shore, sleeping snugly in a thicket, we found a part-grown calf.
I have been well for ten days, but have remained in bed in the hope of gaining by repose the strength that would justify me in taking your medicines.