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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 ?
Type of Material--Nets made of black extruded plastic are more rigid and weigh less than other nets. They also have sharper edges and are more likely cut those applying or removing them.
(When it was approved at General Synod in 2004 and as recently as its Autumn 2006 newsletter, Letting Down the Nets was described as self-funding, supported by funding from dioceses and other organizations.
To test whether it is DNase that helps strep A bacteria escape NETs, the researchers created a mutant strain of the bacteria that lacked the gene that encodes for DNase.
Made from a special fabric interweaven with insecticides, Olyset Net is the only long-lasting insecticide-treated net approved by the World Health Organization.
The heap of unmended nets fall to the bottom of the boat as the boys scramble out and wade to shore.
Specifically, some developers are currently able to offer Arated triple nets at cap rates in the mid-to-high 9's.
Full-size gill nets stretch 1,800 feet in length and dangle 60 ft deep.
That small population is threatened because each year a few thousand porpoises are killed unintentionally by the nets local fishermen use to capture cod and pollack.
After the scientists "trained' the net by showing it 900 examples of active DNA fragments and 900 examples of inert stands, the net was able to predict, with an accuracy of 80 percent, whether or not a newly presented strand was active.
In the years between 1994 and 1998, when many of the extant art-oriented communities formed, the Internet allowed net.artists to work and talk independently of any bureaucracy or art-world institution without being marginalized or deprived of community.
Net markets are built to promote electronic commerce between businesses through transaction-based Internet hubs--central locations where potential buyers and sellers converge.
And the Net is continuing to grow and expand at a rate of acceptance and innovation that leaves all previous technologies gasping in the digital dust.