the sharing of profits, as between employer and employee, especially in such a way that the employee receives, in addition to wages, a share in the profits of the business.
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Origin of profit sharing
First recorded in 1880–85
OTHER WORDS FROM profit sharingprof·it·shar·ing, adjective
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
British Dictionary definitions for profit sharing
a system in which a portion of the net profit of a business is distributed to its employees, usually in proportion to their wages or their length of service
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cultural definitions for profit sharing
Distributing the profits, or part of the profits, of a business to its employees.
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.