Word of the Day (proceeds)-28JAN21

Word of the Day (proceeds)-28JAN21

Today’s “Word of the Day” is proceeds and it is  a noun meaning “the amount of money received from an event/activity or from the sale of goods or services; income, revenue, profit, earnings, returns, gains”.

Example Sentence: The national risk assessment of money laundering and terrorist financing 2020 has upgraded the risk level for the sector, saying: “Corrupt foreign elites continue to be attracted to the UK property market, especially in London, to disguise their corruption proceeds”.

Word of the Day (proceeds)-28JAN21

This word is present in The Guardian article Luxury London homes still used to launder illicit funds, says report, and click here to read it.

Courtesy: The Guardian

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