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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 ?
The Best Nett Overall was achieved by Kenny with handicap 13 and nett 70, and the Best Gross Overall by Joko Kona with handicap 8 and gross 76.
Colin Smith 86, nett 66, led the way in Division Two on Sunday from Neil Cousins 85, nett 68, Patton 84, nett 68, and Clive Rattenbury 88, nett 68.
Collected Rs 10.5 cr nett in its opening weekend," film critic and trade analyst Taran Adarsh tweeted.
Among the youngest qualifiers from the under-13 age group were Gower's Hari Pachu (nett 71), Pennard's Harry Frazer (41pts), Pyle & Kenfig's George Beale (37pts) and Celtic Manor's Shaila Mudhoo.
The golf in DUBAi-4 team (Diana D'Alessio, pro from the US, Kamal Kosta, Kevita Sehmi, Khalid Al Halyan) finished third on a nett 59.
"I remember helping my dad put his medal around his neck," Nett Jr.
Nett.2.3 has 39 employees and is expected to achieve a turnover of NOK33m in 2005.
The second prize was won by Jane Longhorn from Seaton Carew with 76 nett.
Nett Technologies Inc., Toronto, Ontario, Canada, announced distribution agreements with Schroeder Industries, Mckees Rocks, Penn., and Evapar Inc., Evansville, Ind., for the distribution of Nett Technology's line of emissions control products for engines, vehicles, and machinery used in material handling, construction, electric power generation and mining applications.
Cottrell Park: Men's Club Championship, round one: 1 B Bryce nett 69, 2 A Harding nett 70, 3 D Jarvis nett 70.
In the stroke play event, David Mathai of Njoro took the gross title with a score of 80 gross, while the nett title also remained at Njoro with William Muthokia on nett 78.
1st Kate Fox-Parry and Jayne Price - 74.6 nett (pictured inset with Captain Jane Lesley-Jones) ?