Not for profit
Not for profitAn organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses.
Not for profit
Directly Unproductive Profit-Seeking ActivitiesDirectly Unproductive Profit-Seeking Activities
Activities that have no direct productive purpose (neither increasing consumer utility nor contributing to production of a good or service that would increase utility) and are motivated by the desire to make profit, typically from market distortions created by government policies. Examples are rent seeking and revenue seeking. Term coined by Bhagwati (1982).
Full with profit endowmentFull with profit endowment
The most expensive endowment plan with the highest guaranteed returns. This type of endowment guarantees an annual growth and also to pay off the full loan at maturity which is the cause of the added expense. It also has built in life cover. The future growth of your investment is assumed to be at a certain rate, which determines the level of your premiums. The portion of your premium that is being invested is pooled with the premiums of other investors. Annual bonuses are added to the maturity value each year and are dependent on the performance of the investment fund. There is a possibility that the bonuses will take the maturity value above the level required to pay back the loan. This would result in a tax-free cash surplus, which you can spend on whatever tickles your fancy.
Excess profits taxExcess profits tax
Additional federal taxes placed on the earnings of a business, used only in time of national emergency such as war.
Accumulated profits taxAccumulated profits tax
A tax on earnings kept in a firm to prevent the higher personal income tax rate that would obtain if profits were paid out as dividends to the owners.
Profit and loss statement (P&L)Profit and loss statement (P&L)
A set of accounts, usually prepared annually, which depict a company's trading performance and are normally read in conjunction with the balance sheet and cash flow data. The profit and loss account can broadly be shown as follows:Turnover (sales) less manufacturing costs (or cost of sales if for example a retailing company) = gross profit or lossGross profit plus any non-trading income less operating costs = operating profit Operating profit less interest payments on bank loans or loan stock = profit before tax (pre tax profit)Pre-tax profit, less tax = net profit after taxPart of the net profit after tax may be used to pay a dividend with the balance being retained within the business for future investment.
Further SuggestionsOperating profit margin
unitised with profits
Unitised with profit endowment
profit before tax
Pretax earnings or profits
net profit after tax