proceedspro·ceeds /ˈprəʊsiːdzˈproʊ-/ noun [plural]1FINANCE the money gained from selling somethingAllied-Signal was planning to use the proceeds from the sale of Union Texas to reduce debt.
cocaine-trafficking proceeds
2the money that a business gets from ISSUING (=selling) bonds, shares etcSan Diego will use the proceeds from the bond issue to acquire and install new police facilities.
→ net proceeds