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 is the money you collect for providing a product or service. Revenue is different from earnings, which is what's left of your revenue after subtracting the costs of producing or delivering the product or service and any taxes you paid on the amount you took in.
In the case of government, revenue is the money received from taxation, fees, fines, inter-governmental grants or transfers, securities sales, mineral rights and resource rights, as well as any sales that are made. For non-profits, revenue is often referred to as gross receipts.