profit sharing

noun

Definition of profit sharing

:a system or process under which employees receive a part of the profits of an industrial or commercial enterprise

First Known Use of profit sharing

1872


PROFIT SHARING Defined for English Language Learners

profit sharing

noun

Definition of profit sharing for English Language Learners

  • : a system in which employees receive a part of the company's profits


Law Dictionary

profit sharing

noun profit shar·ing

legal Definition of profit sharing

:a plan under which employees receive a part of the profits of an enterprise

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