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for-profit
[fer-prof-it]
adjective
(of a business or institution) initiated or operated for the purpose of making a profit.
for-profit hospitals.
Example Sentences
In briefs filed before Wednesday’s oral arguments, the government lawyers sided with those from the state’s three big for-profit electric utilities — Southern California Edison, Pacific Gas & Electric and San Diego Gas & Electric.
“Endling” throws three strangers involved with Ukraine’s for-profit international matchmaking market together for a quixotic kidnapping caper in a nation on the brink of war.
But if the after-tax value of a gift to a university is effectively no different from the spending of that same amount at a for-profit company, what incentive remains?
Consumer advocates say the fact that bonuses increased in spite of the decline in safety highlights a flaw in AB 1054, the 2019 law that reduced the liability of for-profit utility companies like Edison for damaging wildfires ignited by their equipment.
The 2019 legislation was passed in a matter of weeks to bolster the financial health of the state’s for-profit electric companies after the Camp fire in Butte County, which was caused by a Pacific Gas & Electric transmission line.
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