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.
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.