nonprofit

non·prof·it

adj \ˈnän-ˈprä-fət\

Definition of NONPROFIT

: not conducted or maintained for the purpose of making a profit <a nonprofit organization>

— nonprofit noun

Examples of NONPROFIT

1. a nonprofit group that provides care to recovering drug addicts
2. Schools don't pay sales tax on supplies because they have nonprofit status.

First Known Use of NONPROFIT

1896

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

Rhymes with NONPROFIT

for-profit