The Law Dictionary

PROFIT AND LOSS STATEMENT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A financial statement that shows a businesses gross income measured against its expenses resulting in a net income or net loss. … [Read more...]

PROFECTITIUS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Latin: In the civil law. That which descends to us from our ascendants. Dig. 23, 3, 5. … [Read more...]

PROFECTITUS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

civil law. That which descends to us from our ascendants. Dig. 23, 3, 5. … [Read more...]

PROFITS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

1. The advance in the price of goods sold beyond the cost of purchase. The gain made by the sale of produce or manufactures, after deducting the value of the labor, materials, rents, and all expenses, together with the interest of the capital employed. Law Dictionary - Alternative Legal Definition In general, by this term is understood the benefit which a man derives from a … [Read more...]

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