gross receipts

noun plural

Legal Definition of gross receipts

: the total amount of value in money or other consideration received by a taxpayer in a given period for goods sold or services performed

Learn More About gross receipts

Cite this Entry

“Gross receipts.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/gross%20receipts. Accessed 16 Jun. 2021.

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