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FINDLAW LEGAL DICTIONARY

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Proceeds

proceeds n pl

1 : money or other property received as the result of a sale or other transaction esp. involving collateral [retain a security interest in the of collateral]
2 : money received from an insurance policy



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.