Proceeds for Dummies

Proceeds is a word we use when we talk about something that happens or comes after another thing. It's like when you finish brushing your teeth, and then you proceed to wash your face. In this example, brushing your teeth is the first thing you do, and washing your face is what happens next. So, the word "proceeds" refers to the actions, events, or steps that follow or come after something else.

But wait, there's more! "Proceeds" can also have a different meaning when we talk about money. In this case, "proceeds" refer to the money that is earned or generated from a particular event, activity, or sale. For instance, if you have a lemonade stand and you sell 10 cups of lemonade for $1 each, the total amount of money you earned would be the proceeds from your lemonade sales.

Let me give you another example to help you understand better. Imagine you have a talent show at school, and you decide to sell tickets to raise money for a charity. The money you collect from selling those tickets would be called the proceeds of the talent show. It's like the money that comes after the event has taken place.

So, to sum it all up, "proceeds" can mean the actions or events that come after something else, like brushing your teeth and then washing your face. And it can also mean the money that is earned or generated from a specific event, like the money you make from selling tickets to a talent show. I hope this helps you understand what "proceeds" means!