The amount payable under the terms of a life insurance policy upon the insured's death or upon the maturity of an endowment.
OTHER USES -- "Money received through a sale or loan. The term sometimes refers to net proceeds (after any commissions, fees or other charges are deducted), and sometimes refers to gross proceeds.
More Examples of Proceeds:
"proceeds from the sale of What’s Cookin’ in Fanny Bay are used for the everyday operation and ...
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