### Question
How is the "with the principal objective of livelihood and profit" defined?


### Answer
The term **with the principal objective of livelihood and profit** is defined in *18 U.S.C. § 921* as follows -

> that the intent underlying the sale or disposition of firearms is predominantly one of obtaining livelihood and pecuniary gain, as opposed to other intents, such as improving or liquidating a personal firearms collection: *Provided*, That proof of profit shall not be required as to a person who engages in the regular and repetitive purchase and disposition of firearms for criminal purposes or terrorism

#### Citation:
  - *18 U.S.C. § 921*
  - Heading: **PART I-CRIMES > CHAPTER 44-FIREARMS**

