account of profits

noun

Definitions of account of profits

a calculation of how much profit has been made on something

The account of profits will involve the calculation of both revenue and expenses incurred by the firm over a period of time.

a remedy in a lawsuit which compensates for harm caused by someone who has violated a position of trust; the claimant recovers the profits that the defendant took in breach of that duty

The remedies may include an account of profits.