Money or property received when collateral is sold, exchanged, or collected. American Banker Glossary
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proceeds pro‧ceeds [ˈprəʊsiːdz ǁ ˈproʊ-] noun [plural]
1. FINANCE the money gained from selling something:
• Allied-Signal was planning to use the proceeds from the sale of Union Texas to reduce debt.
• cocaine-trafficking proceeds
2. the money that a business gets from Issuing (= selling) bonds, shares etc:
• San Diego will use the proceeds from the bond issue to acquire and install new police facilities.
ˌnet ˈproceeds FINANCE ACCOUNTING
1. the profit from selling assets after costs are taken away:
• PWA said net proceeds from the sale of the five aircraft will be about C$150 million.
2. the money obtained from a share or bond issue, after costs are taken away:
• UDR will use the $15.4 million net proceeds from the stock sale to reduce outstanding borrowings.
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proceeds UK US /ˈprəʊsiːdz/ noun [plural] FINANCE
► the amount of money received from an activity, event, or the sale of assets: »
Most of the proceeds from the sale will be used to pay the retailer's debt.
»Redemption proceeds of £1,000 or more can be transferred directly to the shareholder's bank account.
Financial and business terms. 2012.