proceedsBySale
Proceeds by sale, commonly phrased as proceeds of sale, refers to the money received from the sale of an asset or property. In general, it denotes the total consideration realized by the seller at the point of sale, before any post-sale deductions. The term is used across accounting, real estate, and legal contexts to distinguish sale-derived funds from other sources of income.
In accounting and finance, a distinction is made between gross proceeds and net proceeds. Gross proceeds are
Common contexts for discussing proceeds by sale include real estate transactions, business liquidations, inheritance or estate
Example: A house sells for 500,000. Real estate commissions and closing costs total 40,000. Net proceeds would
See also: gross proceeds, net proceeds, capital gains, proceeds of sale (tax).