â¢ LAUREL WREATH (noun) The noun LAUREL WREATH has 2 senses: 1. an award for winning a championship or commemorating some other event. 2. (antiquity) a wreath of laurel foliage worn on the head as an emblem of victory. Familiarity information: LAUREL WREATH used as a noun is rare.
revenue noun [C/U]. âº the âincome that a âbusiness or âgovernment âreceives âregularly, or an âamount ârepresenting such âincome: [C usually pl] âstate/âfederal revenues [U] Company revenue ârose 4% last âyear. (Definition of revenue from the Cambridge Academic Content Dictionary Â© Cambridge University Press). See all translations.
According to Wikipedia and multiple web pages, revenue is the term used for money acquired by the sale of goods. This definition is also termed as turnover in the United Kingdom. Hence, there is no difference in the definition of these two terms. However, when we look at the business and accounting aspect of the two, there is actually a huge difference between turnover and revenue in accounting. Turnover refers to how many times a company burns through assets such as cash, inventory, workers, etc.