Profit.

Profit. The net proceeds obtained by deducting all allowable costs (direct and indirect) from the price. (Because this definition of profit is based on applicable Federal cost principles, it may vary from many firms' definition of profit, and may correspond to those firms' definition of fee.)

Source

40 CFR § 35.6015

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Scoping language

As used in this subpart, the following words and terms shall have the following meanings:

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