Definify.com
Webster 1913 Edition
Proceeds
Pro′ceeds
,Noun.
pl.
That which comes forth or results; effect; yield; issue; product; sum accruing from a sale, etc.
Webster 1828 Edition
Proceeds
PROCEE'DS
,Noun.
plu.
1.
In commerce, the sum, amount or value of goods sold or converted into money. The consignee was directed to sell the cargo and vest the proceeds in coffee. The proceeds of the goods sold amounted to little more than the prime cost and charges.