Dictionary

nonprofit

adjective non·prof·it \ˈnän-ˈprä-fət\

: not existing or done for the purpose of making a profit

Full 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

NONPROFIT Defined for Kids

nonprofit

adjective non·prof·it \ˈnän-ˈprä-fət\

Definition of NONPROFIT for Kids

:  not existing or done to make a profit <nonprofit organizations>

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July 04, 2015
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