for-profit

adjective

for-prof·​it ˈfȯr-ˈprä-fət 

: 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

At the time, the federal shelter was the only one for migrant children run by a for-profit company, and immigrant advocates targeted it relentlessly. —Nick Penzenstadler, USA TODAY, 31 Oct. 2024

Carl Barney, founder of a for-profit college chain: $924,600 Barney, who operated a group of for-profit colleges for years, is a noted proponent of Ayn Rand’s philosphy of objectivism. —Ben Poston, Los Angeles Times, 31 Oct. 2024

OpenAI has in recent months experienced some controversy around its upcoming transition to a for-profit structure, as well as a string of executive departures. —Hayden Field, CNBC, 31 Oct. 2024

And Delaware is seen to be fairly hands off in regulating both for-profit and non-profit entities, as this recent paper explained earlier this year. —Emily Peck, Axios, 30 Oct. 2024

Word History

First Known Use

1939, in the meaning defined above

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