(1) The sum remaining after all costs, direct and indirect, are deducted from the income of a business. (2) Financial gain obtained from the use of capital in a transaction. (3) Gain or Benefit.
Profit a prendre
Right to profit by utilizing the assets of another's land, including the right to use and mine another's property recovering and removing any assets.
Profit and loss statement
Financial statement depicting a business entity's operating performance and reports the components of net income, including sales of real estate, rental income, operating rental expenses, income from rental operations, and income before tax. The income statement shows the cash flow for an entire accounting period, usually a quarter. The income statement is included in the annual report of the real estate corporation.
Programmable controller
A device that controls the operation of electrical equipment (such as air conditioning units and lights) according to a preset time schedule.
Programmable thermostat
Programming
Written summation, done by an architect, of the design objectives, constraints and criteria of a project.
Progress chart
Graphic evidence of the completion state of a project.
Progress payments
In a construction loan, payments made to a contractor as the various construction stages are completed. The contractor uses progress payments to pay the various subcontractors and suppliers as construction proceeds.
Project budget
Outline of the construction budget and all costs for land, equipment, financing professional services, etc.
Projected area
The net south-facing glazing area projected on a vertical plane. Also, the solid area covered at any instant by a wind turbine's blades from the perspective of the direction of the windstream (as opposed to the swept area).
