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Windfall Profit

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
Windfall profit
A sudden unexpected profit uncontrolled by the profiting party.

Windfall
A sudden, unexpected profit or gain. A windfall may occur, for example, after a company announces an earnings surprise and its stock consequently jumps significantly. Companies may also experience windfall when demand for their products skyrockets; for example, an umbrella manufacturer may see windfall during an especially rainy year. See also: Windfall shares, Windfall tax.


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The Oyu Tolgoi project, which is expected to employ 5,000 people at the mine and thousands more in the supply chain around it, was made possible when lawmakers recently scrapped a controversial windfall profits tax.
Mongolia's parliament has scrapped a 68-percent windfall profit tax, local media reported Wednesday, removing a key obstacle blocking a huge copper project for miners Rio Tinto and Ivanhoe.
Mongolia's parliament has scrapped a 68-percent windfall profit tax, local media reported Wednesday, removing a key obstacle blocking a huge copper project for miners Rio Tinto and Ivanhoe.
 
 
 
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