- Gains. The excess of gross sales over cost of goods plus expenses of operation. McDaniel v State Fair (Tex Civ App) 286 SW 513, 516. The excess of receipts over expenditures. Connolly v Davidson, 15 Minn 519. For some purposes, the equivalent of income. Anno: 24 ALR 17; 130 ALR 512. The return to capital rather than earnings from labor performed or services rendered. Columbus Mining Co. v Ross, 218 Ky 98, 101, 290 SW 1052. See mesne profits; net profits; undivided profits.
Ballentine's law dictionary. Anderson, W.S.. 1998.