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

In others, corpses were sent to medical schools, biotech companies and for-profit body brokers without consent. —Anagilmara Vílchez, NBC News, 19 Dec. 2024

Health insurance companies, insurance benefit managers, for-profit hospitals and pharmaceutical companies are facing a new round of populist public reckoning. —Alexis Simendinger, The Hill, 18 Dec. 2024

Patients frustrated with a flawed system The U.S. insurance industry is dominated by private-sector companies such as UnitedHealth Group, CVS Health and Cigna, and operates as a largely for-profit enterprise — in contrast with most other wealthy countries. —Annika Kim Constantino, CNBC, 18 Dec. 2024

Emails and text messages between Musk and OpenAI cofounders show that the billionaire himself proposed that OpenAI have a for-profit component back in 2017, with himself as CEO and majority stakeholder. —Rashi Shrivastava, Forbes, 17 Dec. 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