Profit in Gross Law and Legal Definition
A profit in gross is normally considered as freely transferable and inheritable. A profit in gross is a profit that is exercisable by the owner independently of his or her ownership of land. For example, a right to take fish from a canal without limit can exist as a profit in gross, but not as a profit appurtenant. A profit in gross is an interest in land which will pass under the owner's will or intestacy. A profit in gross can be sold or dealt with in any ordinary way. A profit shall be construed as a profit in gross unless it is expressly designated as being a profit appurtenant. A profit in gross can be completely alienated.