Proceeds

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Proceeds

Money received by the seller of an asset.

Proceeds

The money one receives from a transaction, usually before all commissions, fees, and related expenses. For example, if one sells his/her house, the proceeds are the funds one receives from the buyer. In many ways, proceeds are identical to revenue, but they often refer to a single sale or transaction rather than all of the money one receives over a period of time.

proceeds

The amount received from the sale of an asset. The term usually refers to the amount received before deduction of commissions or other costs related to the transaction. See also net proceeds.
References in periodicals archive ?
In essence, Bankers Trust argued that the board's liens did not survive the foreclosure sale and are extinguished if there are no excess proceeds from the sale to pay the past due common charges due.
Because the noninsured and the insured shareholders were also partners in a partnership, the Service ruled that an exception to the transfer-for-value rule applied; therefore, the insurance proceeds were exempt from income tax.
Since the beneficiary can dispose of the remaining proceeds as she wishes through her will, she is deemed to have a general power of appointment over the proceeds (see Q 666).
Claims where only the net proceeds of the litigation are reportable as gross income.
Bassuk said, "The use of auction rate low-floater bonds, rather than the more traditional variable rate low-floater bonds, enabled the Borrower to achieve greater proceeds at a lower interest rate.
He received financial benefit from the loan by using proceeds of the loan for closing costs on his own personal residence.
Generally, when the settlement agreement expressly allocates the settlement proceeds among various claims, the allocation is binding for tax purposes.
The first stage involves the placement of proceeds derived from illegal activities--the movement of proceeds, frequently currency--from the scene of the crime to a place, or into a form, less suspicious and more convenient for the criminal.
109, the IRS determined that a distributing corporation could liquidate a wholly owned subsidiary and distribute the subsidiary's business, or the subsidiary could sell its business and liquidate under section 332 and then the distributing corporation could distribute the sales proceeds.
There is one other exception to the gross proceeds limitation.
Where the typical first mortgage provider only provides up to 70% loan-to-value financing, the mezzanine provider is willing to increase those proceeds to 85% or 90%.

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