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Gross Receipts definition: Copy, customize, and use instantly

Introduction

The term "Gross Receipts" refers to the total revenue a business, entity, or individual earns before deducting expenses, taxes, or allowances. It includes all income from sales, services, rents, interest, dividends, and other sources, depending on the applicable industry and context. "Gross Receipts" is essential for financial reporting, tax calculations, and contractual obligations, as it helps determine revenue recognition and compliance requirements.

Below are various examples of how "Gross Receipts" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.

Definition of "Gross Receipts" in a general business revenue context

This definition ties "Gross Receipts" to total business income before deductions.

"Gross Receipts" means the total revenue received by a business from all sources, including sales of goods, services, interest, dividends, and other income, before any deductions for expenses, taxes, or costs of goods sold.

Definition of "Gross Receipts" in a tax and regulatory compliance context

This definition connects "Gross Receipts" to taxable income calculations.

"Gross Receipts" refers to all income earned by a taxpayer, business, or entity, as defined by applicable tax regulations, including receipts from sales, rents, royalties, interest, fees, and other business activities, before applying any exclusions or deductions.

Definition of "Gross Receipts" in a contract payment and royalty calculation context

This definition links "Gross Receipts" to contractual payment obligations.

"Gross Receipts" means the total amount of revenue collected under this Agreement, including all payments received from customers, third parties, and other sources, before deducting any costs, taxes, or commissions.

Definition of "Gross Receipts" in a real estate and property management context

This definition applies "Gross Receipts" to rental and property income.

"Gross Receipts" refers to all amounts received from leasing, renting, or managing real estate, including rental payments, service charges, maintenance fees, and other sources of income, before any deductions for property expenses or taxes.

Definition of "Gross Receipts" in a retail and sales tax reporting context

This definition ties "Gross Receipts" to retail revenue before deductions.

"Gross Receipts" refers to the total amount received from the sale of goods and services, including sales tax collected from customers, before deducting returns, allowances, or operating expenses.

Definition of "Gross Receipts" in a franchise agreement and royalty payment context

This definition connects "Gross Receipts" to franchise income calculations.

"Gross Receipts" means the total revenue generated by a franchisee from operations, including sales, services, and other business income, prior to the deduction of operating expenses or franchise fees.

Definition of "Gross Receipts" in a nonprofit organization and charitable revenue context

This definition links "Gross Receipts" to nonprofit fundraising and donations.

"Gross Receipts" refers to all funds received by a nonprofit entity, including grants, donations, membership fees, event revenues, and program service income, before any deductions for operational or administrative costs.

This definition applies "Gross Receipts" to revenue distribution in media projects.

"Gross Receipts" means the total income earned from the distribution, licensing, and exhibition of a film, television show, or other media content, before any deductions for production, marketing, or distribution costs.

Definition of "Gross Receipts" in a professional services and consulting agreement context

This definition ties "Gross Receipts" to consulting and service provider revenue.

"Gross Receipts" refers to the total fees earned by a professional services provider, including consulting, advisory, legal, or accounting services, before any deductions for overhead or subcontractor expenses.

Definition of "Gross Receipts" in an e-commerce and online business revenue context

This definition connects "Gross Receipts" to online sales and digital services.

"Gross Receipts" means the total revenue generated from online sales, digital downloads, advertising, affiliate marketing, and subscription services before any deductions for platform fees or operational costs.

Definition of "Gross Receipts" in a construction and contractor payment calculation context

This definition links "Gross Receipts" to contractor billing and payments.

"Gross Receipts" refers to the total amount received by a contractor for services rendered, including labor, materials, and subcontractor payments, before deducting costs, fees, or taxes.

Definition of "Gross Receipts" in a lease agreement and property management revenue context

This definition applies "Gross Receipts" to rental income.

"Gross Receipts" means the total income collected from tenants, including rent, late fees, parking charges, and other payments, before subtracting maintenance costs, property taxes, or management fees.

Definition of "Gross Receipts" in a financial services and investment fund income context

This definition ties "Gross Receipts" to investment and portfolio earnings.

"Gross Receipts" refers to all earnings generated from investments, including interest, dividends, capital gains, and asset management fees, before deductions for fund expenses or taxes.

Definition of "Gross Receipts" in an advertising and sponsorship revenue agreement context

This definition connects "Gross Receipts" to media and brand sponsorship earnings.

"Gross Receipts" means the total revenue received from advertising, sponsorships, and brand endorsements, including media placement fees, affiliate commissions, and partnership agreements, before any deductions.

Definition of "Gross Receipts" in a manufacturing and wholesale distribution context

This definition links "Gross Receipts" to bulk sales and production revenue.

"Gross Receipts" refers to the total revenue generated from the sale of manufactured goods or wholesale distribution, including freight, handling fees, and surcharges, before any reductions for costs or taxes.

Definition of "Gross Receipts" in a healthcare and medical service provider billing context*

This definition applies "Gross Receipts" to revenue from medical services.

"Gross Receipts" means the total amount received by a healthcare provider, hospital, or clinic for medical services, patient care, and insurance reimbursements before deducting operating expenses or insurance write-offs.

Definition of "Gross Receipts" in an oil and gas extraction and natural resource revenue context

This definition ties "Gross Receipts" to raw material extraction income.

"Gross Receipts" refers to the total revenue generated from oil, gas, or mineral extraction, including royalties, production bonuses, and lease payments, before deductions for extraction costs or taxes.

This definition connects "Gross Receipts" to shipping and freight income.

"Gross Receipts" means the total amount received from transportation services, freight charges, delivery fees, and fuel surcharges before any deductions for operating costs, vehicle maintenance, or taxes.

Definition of "Gross Receipts" in a telecommunications and subscription-based revenue context

This definition links "Gross Receipts" to revenue from telecom services.

"Gross Receipts" refers to all revenue earned from telecommunications services, including mobile plans, internet subscriptions, call fees, and data charges before deducting operating costs or network fees.

Definition of "Gross Receipts" in a hospitality and restaurant industry sales context

This definition applies "Gross Receipts" to revenue from hospitality businesses.

"Gross Receipts" means the total revenue collected from food and beverage sales, room bookings, event services, and gratuities before any deductions for labor costs, rent, or supplier expenses.

Definition of "Gross Receipts" in a technology licensing and software-as-a-service (SaaS) context

This definition ties "Gross Receipts" to digital product and software income.

"Gross Receipts" refers to all revenue received from software licensing, SaaS subscriptions, user fees, and cloud-based services before any reductions for development costs or platform expenses.

Definition of "Gross Receipts" in a sports and entertainment ticket sales revenue context

This definition connects "Gross Receipts" to earnings from ticketed events.

"Gross Receipts" means the total revenue generated from ticket sales, event sponsorships, and concessions before any deductions for venue costs, taxes, or event production expenses.

This definition links "Gross Receipts" to gambling and gaming industry earnings.

"Gross Receipts" refers to all income generated from gaming operations, including casino wagers, online betting, in-game purchases, and player fees before any deductions for payouts or operational costs.

Definition of "Gross Receipts" in a government grants and public funding context

This definition applies "Gross Receipts" to public sector funding allocations.

"Gross Receipts" means the total funds received from government grants, subsidies, and public programs before subtracting administrative expenses or grant-mandated deductions.

Definition of "Gross Receipts" in a digital marketplace and platform fee revenue context

This definition ties "Gross Receipts" to earnings from online platforms.

"Gross Receipts" refers to the total revenue generated from marketplace transactions, listing fees, and platform service charges before deductions for operational costs or seller payouts.

Definition of "Gross Receipts" in a publishing and book royalties earnings context

This definition connects "Gross Receipts" to author and publisher revenue.

"Gross Receipts" means the total income earned from book sales, e-books, audiobooks, and licensing rights before any deductions for author advances, printing, or distribution costs.

Definition of "Gross Receipts" in a crowdfunding and fundraising campaign revenue context

This definition links "Gross Receipts" to donations and campaign contributions.

"Gross Receipts" refers to all funds received through crowdfunding platforms, donation campaigns, and fundraising drives before deducting transaction fees or administrative expenses.

Definition of "Gross Receipts" in a SaaS and cloud computing services revenue context

This definition applies "Gross Receipts" to software and cloud-based services.

"Gross Receipts" means the total revenue collected from software subscriptions, cloud storage services, and data hosting fees before any deductions for infrastructure or customer support costs.

Definition of "Gross Receipts" in a pharmaceutical and biotechnology licensing revenue context

This definition ties "Gross Receipts" to medical patent and licensing earnings.

"Gross Receipts" refers to the total income generated from drug patents, licensing agreements, and pharmaceutical research collaborations before deducting R&D costs or regulatory expenses.

Definition of "Gross Receipts" in an affiliate marketing and referral program context

This definition connects "Gross Receipts" to referral-based earnings.

"Gross Receipts" means all commissions, referral bonuses, and affiliate marketing earnings received before any deductions for advertising costs or platform fees.

Definition of "Gross Receipts" in a digital advertising and pay-per-click (PPC) revenue context

This definition links "Gross Receipts" to online ad revenue.

"Gross Receipts" refers to the total revenue collected from online advertising, including display ads, sponsored content, and pay-per-click (PPC) campaigns before any publisher or network deductions.

Definition of "Gross Receipts" in an event management and ticketing platform revenue context

This definition applies "Gross Receipts" to ticket sales and event hosting fees.

"Gross Receipts" means the total income generated from event ticket sales, vendor fees, and sponsorships before any deductions for venue rental or promotional expenses.

Definition of "Gross Receipts" in a legal services and contingency fee revenue context

This definition ties "Gross Receipts" to law firm earnings.

"Gross Receipts" refers to all amounts received by a law firm from client retainers, legal settlements, and contingency fees before any deductions for case expenses or attorney commissions.

This definition connects "Gross Receipts" to in-game purchases and subscriptions.

"Gross Receipts" means the total revenue generated from mobile app purchases, in-game transactions, advertising, and premium subscriptions before deducting platform fees or development costs.

Definition of "Gross Receipts" in a corporate sponsorship and brand endorsement revenue context

This definition links "Gross Receipts" to corporate partnership earnings.

"Gross Receipts" refers to the total amount earned from corporate sponsorships, brand endorsements, and co-marketing agreements before any deductions for campaign execution or partner fees.

Definition of "Gross Receipts" in a venture capital and private equity fund income context

This definition applies "Gross Receipts" to investment firm earnings.

"Gross Receipts" means the total income received from fund management fees, carried interest, and capital gains distributions before any deductions for investor payouts or administrative costs.

Definition of "Gross Receipts" in an intellectual property and trademark licensing revenue context

This definition ties "Gross Receipts" to brand licensing and royalties.

"Gross Receipts" refers to all income generated from trademark licensing, brand collaborations, and merchandising deals before subtracting marketing costs or franchise fees.

Definition of "Gross Receipts" in a corporate training and professional development revenue context

This definition connects "Gross Receipts" to training program earnings.

"Gross Receipts" means the total revenue collected from corporate training programs, certification courses, and professional development workshops before deducting instructor fees or venue costs.

Definition of "Gross Receipts" in a luxury real estate and high-value property sales context

This definition links "Gross Receipts" to high-end property transactions.

"Gross Receipts" refers to the total income generated from the sale of luxury properties, high-end rentals, and investment real estate before any deductions for brokerage commissions or legal fees.

This definition applies "Gross Receipts" to influencer earnings.

"Gross Receipts" means the total income received from sponsored posts, social media collaborations, and influencer marketing campaigns before deducting agency fees or ad costs.

Definition of "Gross Receipts" in a renewable energy and carbon credit trading context

This definition ties "Gross Receipts" to sustainable energy revenue.

"Gross Receipts" refers to all income earned from renewable energy production, carbon credit sales, and green investment incentives before any deductions for operational expenses.

Definition of "Gross Receipts" in a digital collectibles and NFT marketplace revenue context

This definition connects "Gross Receipts" to blockchain-based asset transactions.

"Gross Receipts" means the total revenue earned from non-fungible token (NFT) sales, blockchain royalties, and digital collectible transactions before any deductions for gas fees or platform commissions.

Definition of "Gross Receipts" in a subscription box and membership-based e-commerce revenue context

This definition links "Gross Receipts" to recurring subscription earnings.

"Gross Receipts" refers to the total income collected from subscription box sales, membership-based e-commerce, and recurring product deliveries before deducting shipping or fulfillment costs.

Definition of "Gross Receipts" in a fashion and apparel industry wholesale distribution context

This definition applies "Gross Receipts" to clothing and accessory sales.

"Gross Receipts" means the total revenue generated from wholesale apparel sales, fashion licensing deals, and retail partnerships before any deductions for supply chain or production costs.

This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.

Last updated 28 Mar 2025