for-profit

adjective

for-prof·​it ˈfȯr-ˈprä-fət How to pronounce for-profit (audio)
: established, maintained, or conducted for the purpose of making a profit
for-profit businesses

Examples of for-profit in a Sentence

Recent Examples on the Web The for-profit platform is eyeing new international targets now that the unprecedented strain of crowdfunding campaign levels spawned by COVID-19 has eased to pre-pandemic figures, CEO Tim Cadogan told The Associated Press. James Pollard, Quartz, 23 Apr. 2024 Micron is Idaho’s largest for-profit employer, with more than 5,000 employees, according to the Idaho Department of Labor. Angela Palermo, Idaho Statesman, 18 Apr. 2024 In the for-profit world, L.A. Taco, which centers food coverage while covering working class communities across Southern California, furloughed nearly everyone on its small team. Gustavo Arellano, Los Angeles Times, 16 Apr. 2024 Following a wave of closures of for-profit colleges in the mid-2010s, closures of non-profit institutions began rising in 2017, before slowing briefly in 2020-21, according to Rachel Burns, a senior policy analyst at the State Higher Education Executive Officers Association. Athena Jones, CNN, 13 Apr. 2024 These for-profit companies should not be allowed to increase rates on the backs of hard-working residents. Letters To The Editor, The Mercury News, 10 Apr. 2024 Waymo’s expansion to Los Angeles will bring autonomous for-profit taxis to the nation’s second-largest city — and to a city long synonymous with car travel. David Ingram, NBC News, 9 Apr. 2024 Recently, Lambert distanced himself from Musk after emails surfaced showing the tycoon had always favored OpenAI becoming a for-profit company—just one under his control and not Microsoft’s. Christiaan Hetzner, Fortune, 5 Apr. 2024 The Minnesota conglomerate’s plan to roll Stewardship Health, the physician arm of for-profit Steward Health Care, into its Optum subsidiary would mark a noteworthy departure from its usual fare. Tara Bannow, STAT, 1 Apr. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'for-profit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1939, in the meaning defined above

Time Traveler
The first known use of for-profit was in 1939

Dictionary Entries Near for-profit

Cite this Entry

“For-profit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/for-profit. Accessed 28 Apr. 2024.

Kids Definition

for-profit

adjective
for-prof·​it
ˈfȯr-ˈpräf-ət
: existing or carried on for the purpose of making a profit
for-profit business
Last Updated: - Updated example sentences
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