- Money or property received when collateral is sold, exchanged, or collected. American Banker Glossary————
* * *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 proceeds2. 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 ACCOUNTING1. 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.
* * *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.→ See also NET PROCEEDS(Cf. ↑net proceeds)
Financial and business terms. 2012.