Profit

{
  "id": "MLC-T-ENV-022433",
  "term": "Profit",
  "field": "Environment",
  "definition": "1. The net proceeds obtained by deducting all allowable costs (direct and indirect) from the price. (Because this definition of profit is based on applicable Federal Cost Principles, it may vary from many firms' definition of profit, and may correspond to those firms' definition of \"fee\".)\n\n2. Net proceeds obtained by deducting all allowable costs (direct and indirect) from the price. (Because this definition of profit is based on applicable Federal cost principles, it may vary from many firms’ definition of profit, and may correspond to those firms’ definition of ‘‘fee.’’)",
  "subject": "Laws, regulations and executive orders",
  "references": [
    "Grants and Debarment Glossary",
    "40 CFR 35.6015 (CFR 2018)"
  ],
  "url": "https://mlchart.com/terminology/environment/profit/"
}