net

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Net

The sum that remains following all permissible deductions, including charges, expenses, discounts, commissions, or taxes.

Net assets, for example, are what remain after an individual subtracts the amount owed to creditors from his or her assets. Net pay is the salary an individual actually receives after deductions such as Income Tax and Social Security payments.

net

n., adj. the amount of money or value remaining after all costs, losses, taxes, depreciation of value, and other expenses and deductions have been paid and/or subtracted. Thus the term is used in net profit, net income, net loss, net worth, or net estate.

net

adjective clear, irreducible, leftover, remaining, residual, residuary, surplus, surviving, unexpended
Associated concepts: net assets, net balance, net capital stock, net earnings, net estate, net income, net loss, net premium, net price, net proceeds, net profit, net rents, net revenues, net value, net worth
See also: capture, earn, ensnare, gain, realize, trap
References in periodicals archive ?
In effect, once a tax year is included in a global netting computation, the netted interest amount would be reflected and would generally not be subject to future adjustment.
When payments are settled on a net basis, the parties to the payments offset the amounts they are due to pay and receive with each other (or with a central party, or clearinghouse) and maintain a running balance of the netted amounts.
If the debts are not offset or netted, however, the taxpayer could pay a whopping 4-1/2 percent differential on the interest it pays on the $100 it owes for 1986 as compared with the interest it receives on the $100 the Government owes the taxpayer for 1985 even though there is no true net debt (as of March 15, 1987) owed to the Government.