proceeds

proceeds
Issues; income; yield; receipts; produce; money or articles or other thing of value arising or obtained by the sale of property; the sum, amount, or value of property sold or converted into money or into other property.
Proceeds does not necessarily mean only cash or money. Phelps v. Harris, 101 U.S. 370, 25 L.Ed. 855.
That which results, proceeds, or accrues from some possession or transaction. State Highway Commission v. Spainhower, Mo., 504 S.W.2d 121, 125.
The funds received from disposition of assets or from the issue of securities (after deduction of all costs and fees).
As used in context of debtor's sale of collateral, "proceeds" includes whatever is received upon the sale, exchange, collection or other disposition of collateral or proceeds.
Insurance payable by reason of loss or damage to the collateral is proceeds, except to the extent that it is payable to a person other than a party to the security agreement.
Money, checks, deposit accounts, and the like are "cash proceeds". All other proceeds are "non-cash proceeds". U.C.C. No. 9-306

Black's law dictionary. . 1990.

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  • proceeds — pro·ceeds / prō ˌsēdz/ n pl 1: money or other property received as the result of a sale or other transaction esp. involving collateral retain a security interest in the proceeds of collateral 2: money received from an insurance policy Merriam… …   Law dictionary

  • Proceeds — Pro ceeds, n. pl. That which comes forth or results; effect; yield; issue; product; sum accruing from a sale, etc. [1913 Webster] …   The Collaborative International Dictionary of English

  • proceeds — [prō′sēdz΄] pl.n. the money or profit derived from a sale, business venture, etc. * * * …   Universalium

  • proceeds — [n] earnings from business gain, gate, handle, income, interest, lucre, produce, product, profit, receipts, result, returns, revenue, reward, split, take, takings, till, yield; concept 344 Ant. loss …   New thesaurus

  • proceeds — ► PLURAL NOUN ▪ money obtained from an event or activity …   English terms dictionary

  • proceeds — [prō′sēdz΄] pl.n. the money or profit derived from a sale, business venture, etc …   English World dictionary

  • proceeds — Money or property received when collateral is sold, exchanged, or collected. American Banker Glossary money received by the seller of an asset. Bloomberg Financial Dictionary * * * proceeds pro‧ceeds [ˈprəʊsiːdz ǁ ˈproʊ ] noun [plural] 1. FINANCE …   Financial and business terms

  • proceeds — noun ADJECTIVE ▪ total ▪ gross ▪ net ▪ sale VERB + PROCEEDS ▪ use …   Collocations dictionary

  • proceeds — n. profit 1) net proceeds 2) proceeds from (proceeds from the sale of surplus property) * * * [ prəʊsiːdz] [ profit ] net proceeds proceeds from (proceeds from the sale of surplus property) …   Combinatory dictionary

  • proceeds — pro|ceeds [ˈprəusi:dz US ˈprou ] n [plural] formal the money that is obtained from doing something or selling something ▪ We sold the business and bought a villa in Spain with the proceeds. proceeds of/from ▪ The proceeds of the concert will go… …   Dictionary of contemporary English

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