Definition of "not-for-profit" [not-for-profit]

• Not meant to make a profit (adjective)
• A company or organization that is not meant to make a profit. (noun)

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• "Wrong; they include charities, trade unions, trade associations and a whole array of organizations that fall within the rubric of not-for-profit organizations because, among other things, they don't issue stock shares or distribute their surplus funds to owners and shareholders, but instead use their funds to help achieve their social goals."
• "The compromise agreement being negotiated by Grassley and the other Finance Committee members has dropped the public option, proposing instead the creation of not-for-profit health insurance collectives that could negotiate collective coverage for members."
• "The only way to keep the insurance industry honest is to offer not-for-profit competition."