The money earned or received from selling something or holding an event, after any costs are subtracted.
From Old French 'proceder' meaning to move forward, from Latin 'procedere.' The word evolved from 'moving forward' to 'moving forward with business' to mean income or revenue.
A school fundraiser might raise $1,000, but the 'proceeds' are only what's left after paying for the event—the money that actually 'proceeds' forward to the cause.
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