/ ˈprəʊsiːdz; NAmE ˈproʊ-/ noun
[ pl. ] proceeds (of / from sth) the money that you receive when you sell sth or organize a performance, etc.; profits :
She sold her car and bought a piano with the proceeds.
The proceeds of the concert will go to charity.
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WORD ORIGIN
early 17th cent.: plural of the obsolete noun proceed , in the same sense, earlier meaning procedure .