for-profit

for-profit definition - business

for-profit

Describing an entity that is formed and operated with the intention of earning a profit. For example, General Electric is a for-profit corporation. In contrast, the American Red Cross is a nonprofit organization. Compare nonprofit organization.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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