Today’s “Word of the Day” is proceeds and it is a noun meaning “the amount of money received from an event/activity or from the sale of goods or services; income, revenue, profit, earnings, returns, gains”.
Example Sentence: The national risk assessment of money laundering and terrorist financing 2020 has upgraded the risk level for the sector, saying: “Corrupt foreign elites continue to be attracted to the UK property market, especially in London, to disguise their corruption proceeds”.
This word is present in The Guardian article Luxury London homes still used to launder illicit funds, says report, and click here to read it.
Courtesy: The Guardian
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