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English definition of “proceeds”

proceeds

noun [plural]     /ˈprəʊsiːdz/ 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
(Definition of proceeds noun from the Cambridge Business English Dictionary © Cambridge University Press)
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