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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 ?
NETFUL OF TIPS: Jade was one of eight youngsters chosen out of 10,000 to train with the England star in Madrid; D23363_6
He'd caught a netful of perch and took great delight being pictured with his best one.
And, as well as offering scuba diving courses, there's a netful of health and beauty treatments, including seaweed facials.
De Mille's "Cleopatra," the queen of the Nile hauls a netful of sea maidens onto her barge.
Then you make a mad stab and come up with a netful of squirming, silvery cisco.