net(redirected from netting off)
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Related to netting off: netting down
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.
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.
netadjective 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