What is proceeds meaning?

Proceeds refer to the revenue generated by selling goods or services. It is the total amount received after deducting all the expenses and costs associated with manufacturing or producing the goods or services. The proceeds can be used to pay off debts, reinvest in the business, or distribute as profits to shareholders. In legal terms, proceeds refer to any tangible or intangible assets obtained through criminal activity, such as money obtained through drug trafficking. Legal authorities can seize proceeds from such illegal activities. Overall, proceeds are an essential aspect of business operations and financial management.