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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.


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.

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
Robert Frost's favorite quip was that writing free verse is like "playing tennis with the net down." If that's so, then Oulipo practitioners would make the game more interesting by demanding that Serena, Venus, and their challengers play while wearing boxing gloves and galoshes.
In the most recent quarter the decline persisted, with the net down by almost 23% to $510,000 million.
All of the plusses and minuses on the Balance Sheet net down to the change in cash.
"To keep the traffic on the Net down, I compiled a list of the most frequently asked questions and answers.
He calls making things up "cheating, playing tennis with the net down, trying to get the momentum of fiction with nonfiction.
Procter & Gamble has pioneered a marketing fund system based on pay for results called "net down pricing." In this system, periodic promotions through case allowances are eliminated or drastically reduced.
The man lifted the net down carefully and lowered it into a bucket.