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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 ?
She ended saying that a podium finish would give netball a chance to gain popularity in the country.
It would be injustice to the players if netball is not be included in the Games
Akhtar appealed Minister of Inter Provincial Coordination (IPC) Dr Fahmida Mirza and POA president Arif Hasan to include netball in the Games.
Her son Dave said: "The story goes that because in the war years the new playing fields were being brought into agricultural use, they played netball on the concrete playground.
"I have been in netball a long time and I enjoy it today just as much as when I first started.
"Amy is extremely passionate about netball, devoting her time and energy to run all training sessions, arrange games, venues and umpires."
Tempting though it is to sing "netball's coming home", what with the World Cup being staged in Liverpool, and the world number three-ranked Roses poised, potentially, to create another upset, history does suggest otherwise.
Tickets for netball's premier international sporting tournament are selling fast, with over 97,000 spectators confirmed so far.
The entire production was flawless.Importantly, I learnt one or two things about the game of netball, the insignificance of my discovery notwithstanding.
Club chairperson Karin Figliolini said, "We are so proud of Stirling Netball Club's progress over the last few years and we're certainly very proud of our junior section going from strength to strength with our league win proving our commitment and dedication to developing junior netball within Stirlingshire with support from Active Stirling and Netball Scotland."
Netball international Jade Clarke said: "I'm sure Jude will really help bring excitement to the event and prove a popular part of the Vitality Netball World Cup - earning a place in sporting history."