for-profit

American  

[fer-prof-it] / fərˈprɒf ɪt /

adjective

1. (of a business or institution) initiated or operated for the purpose of making a profit.

   for-profit hospitals.

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Compare meaning

How does for-profit compare to similar and commonly confused words? Explore the most common comparisons:

• for-profit vs. nonprofit
• not-for-profit vs. for-profit

Example Sentences

Problems exist across the spectrum of rehabs, from expensive, for-profit facilities to nonprofit ones: A 2017 investigation revealed that the two Massachusetts locations of Recovery Centers of America, a rehab chain that charges patients an average of $24,000 a month, was severely understaffed and did not even offer all patients basic counseling.

From Slate

The commission’s vote Thursday was in response to a March request from Edison and the three other big for-profit utilities.

From Los Angeles Times

It also had implemented a “temporary suspension of all for-profit vending activities.”

From The Wall Street Journal

While the first $21 billion was contributed half by customers of the state’s three biggest for-profit utilities and half by the companies’ shareholders, any additional damage claims from the Jan. 7 fire would be paid by Edison customers, according to legislation passed in September.

From Los Angeles Times

Microsoft, owner of a 27% share in OpenAI’s for-profit business, is also named in the suit, which claims the software giant knew or should have known of potential safety risks.

From The Wall Street Journal

Related Words

• monetary
• money-making