v. Third-person singular simple present indicative form of proceed.
the GNU version of the Collaborative International Dictionary of English
noun-plural. That which comes forth or results; effect; yield; issue; product; sum accruing from a sale, etc.
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
n. the income or profit arising from such transactions as the sale of land or other property
Word Usage
"For example, all but about $3 million of the $12 million in proceeds from the sale of the Stanford building in Houston will go to pay off the mortgage, as well as default interest on it, according to Kevin Sadler, an attorney for the receiver."