Gross receipts

Gross receipts
Receipt Re*ceipt" (r[-e]*s[=e]t"), n. [OE. receite, OF. recete, recepte, F. recette, fr. L. recipere, receptum, to receive. See {Receive}.] 1. The act of receiving; reception. ``At the receipt of your letter.'' --Shak. [1913 Webster]

2. Reception, as an act of hospitality. [Obs.] [1913 Webster]

Thy kind receipt of me. --Chapman. [1913 Webster]

3. Capability of receiving; capacity. [Obs.] [1913 Webster]

It has become a place of great receipt. --Evelyn. [1913 Webster]

4. Place of receiving. [Obs.] [1913 Webster]

He saw a man, named Matthew, sitting at the receipt of custom. --Matt. ix. 9. [1913 Webster]

5. Hence, a recess; a retired place. [Obs.] ``In a retired receipt together lay.'' --Chapman. [1913 Webster]

6. A formulary according to the directions of which things are to be taken or combined; a recipe; as, a receipt for making sponge cake. [1913 Webster]

She had a receipt to make white hair black. --Sir T. Browne. [1913 Webster]

7. A writing acknowledging the taking or receiving of goods delivered; an acknowledgment of money paid. [1913 Webster]

8. That which is received; that which comes in, in distinction from what is expended, paid out, sent away, and the like; -- usually in the plural; as, the receipts amounted to a thousand dollars. [1913 Webster]

{Gross receipts}. See under {Gross}, a. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

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  • gross receipts — ➔ receipt1 * * * gross receipts UK US noun [plural] FINANCE, ACCOUNTING, COMMERCE ► the profits from particular sales before any costs or taxes have been paid: »Moviegoers bought $2.19 billion of tickets this summer, down slightly from last… …   Financial and business terms

  • Gross receipts — Gross Gross, a. [Compar. {Grosser}; superl. {Grossest}.] [F. gros, L. grossus, perh. fr. L. crassus thick, dense, fat, E. crass, cf. Skr. grathita tied together, wound up, hardened. Cf. {Engross}, {Grocer}, {Grogram}.] 1. Great; large; bulky;… …   The Collaborative International Dictionary of English

  • gross receipts — n pl: the total amount of value in money or other consideration received by a taxpayer in a given period for goods sold or services performed Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • gross receipts — gross receipts, receipts before any deductions for expenses have been made …   Useful english dictionary

  • Gross Receipts — A tax term relating to the total business revenue from services provided that must be reported for the fiscal period. Gross receipts do not account for sales returns and allowances, cost of goods sold or any other deductible expenses. Gross… …   Investment dictionary

  • gross receipts — The entire earnings of a business without deduction; the total as opposed to the net. Greene County Bldg. & Loan Asso. v Milner Hotels, Inc. 240 Mo App 1048, 227 SW2d 111. For the purpose of a sales tax:–the proceeds of sales of personal property …   Ballentine's law dictionary

  • Gross receipts tax — A gross receipts tax, sometimes referred to as a gross excise tax, is a tax on the total gross revenues of a company, regardless of their source. A gross receipts tax is similar to a sales tax, but it is levied on the seller of goods or services… …   Wikipedia

  • gross receipts — The total amount of money received by a business in a specified period before any deductions for costs, raw materials, taxation, etc. Compare net receipts …   Big dictionary of business and management

  • gross receipts — The total amount of money or the value of other considerations received from selling property or from performing services. New Mexico Enterprises, Inc. v. Bureau of Revenue, App., 86 N.M. 799, 528 P.2d 212, 213. See also gross income …   Black's law dictionary

  • gross receipts — The total amount of money or the value of other considerations received from selling property or from performing services. New Mexico Enterprises, Inc. v. Bureau of Revenue, App., 86 N.M. 799, 528 P.2d 212, 213. See also gross income …   Black's law dictionary

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