profit-sharing

profit-sharing
A *contractual arrangement to share the *net income of an organization between two or more parties. Contexts in which profit-sharing occurs include (i) employee *compensation schemes, (ii) *partnerships, and (iii) *joint venture arrangements.

Auditor's dictionary. 2014.

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  • Profit sharing — Profit sharing, when used as a special term, refers to various incentive plans introduced by businesses that provide direct or indirect payments to employees that depend on company s profitability in addition to employees regular salary and… …   Wikipedia

  • profit sharing — ˈprofit ˌsharing also profit sharing noun [uncountable] 1. HUMAN RESOURCES when a company gives part of its profits to its employees: • He has long believed in employee profit sharing or employee ownership. • The 2005 …   Financial and business terms

  • profit-sharing — UK US (also profit sharing) noun [U] ► HR a system by which employees receive a part of the profits of a business: »The company s costs increased due to higher employee profit sharing. »a profit sharing agreement/plan/scheme …   Financial and business terms

  • profit sharing — n. the practice of dividing a share of the profits of a business among employees, in addition to paying their regular wages and salaries profit sharing adj …   English World dictionary

  • profit sharing — profit shar·ing n: a plan under which employees receive a part of the profits of an enterprise Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • profit sharing — profit .sharing n [U] a system by which all the people who work for a company receive part of its profits …   Dictionary of contemporary English

  • profit sharing — profit ,sharing noun uncount BUSINESS a system by which all the people employed by a company get a share in the profits …   Usage of the words and phrases in modern English

  • profit-sharing — ► NOUN ▪ a system in which the people who work for a company receive a direct share of its profits …   English terms dictionary

  • profit sharing — profitsharing, adj. the sharing of profits, as between employer and employee, esp. in such a way that the employee receives, in addition to wages, a share in the profits of the business. [1880 85] * * * System by which employees are paid a share… …   Universalium

  • profit-sharing — profˈit sharing noun A voluntary agreement under which an employee receives a share, fixed beforehand, of the profits of a business • • • Main Entry: ↑profit * * * ˈprofit sharing [profit sharing] noun uncountabl …   Useful english dictionary

  • profit sharing — noun a system in which employees receive a share of the net profits of the business (Freq. 1) • Hypernyms: ↑share, ↑portion, ↑part, ↑percentage * * * noun : a system or process under which employees receive a part of the profits of an industrial… …   Useful english dictionary

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