Money Line Definition
line (one's) (own) pocket(s)
line (one's) pockets
Money lines are represented in negative and positive values. Negative money line: -145, -220, or anything similar. When you see a minus (-) sign in front of a price, it shows you that team is the favorite to win the game. That number also indicates how much money you need to bet/spend in order to win $100.
- Price Line or Budget Line: Definition and Explanation: The understanding of the concept of budget line is essential for knowing the theory of consumer’s equilibrium. 'A budget line or price line represents the various combinations of two goods which can be purchased with a given money income and assumed prices of goods'.
- Moneyline bets are among the most popular in sports betting, and anyone new to the space should familiarize themselves with this wager type. Below we’ll cover what a moneyline is, how to calculate your potential winnings on this bet type, and when to use it.
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Money Market Line Definition
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Definition Of Money Line Sports Betting
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Definition: Profit, also called net income, is the amount of earnings that exceed expenses for the period. In other words, it’s the amount of income left over after all the necessary and matched expenses are subtracted for the period. Notice I didn’t say all the expenses that were paid during the period.
What Does Profit Mean?
What is the definition of profits? According to the matching principle all of the expenses that were incurred to produce the income must be recognized in the period in which the revenue is earned. Thus, some expenses that aren’t actually paid during the period are still subtracted from income to arrive at the net income for the period.
Accrued expenses are the most common example the matching principle. Take payroll for instance. The last payroll of the year is often paid in the first week of the following year. Since the business incurred the costs of its employees’ labor, it must recognize this cost in the current period even though the payroll checks won’t be made out until the next accounting period. These payroll expenses must be subtracted from the revenues of the company to calculate the net profit.
The basic profit formula is calculated by subtracting all expenses incurred during a period from the total revenues earned in that same accounting period. Profits are reported on the bottom of the income statement and are traditionally viewed as the amount of money left over after all expenses have been paid. This is why many people call net income the “bottom line” of the company.
If total revenues don’t exceed total expenses for a period, the company does not report negative profits. There is no such thing as negative profits. Instead, the company would show a net loss on the bottom line of its income statement indicating that revenues were insufficient to cover expenses for the period.
Summary Definition
Define Profits: Profit means a business’ excess revenues left over after all expenses have been paid for the period.
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