Net
/nɛt/
Definitions
- (n.) The amount remaining after all deductions, such as taxes or expenses, have been subtracted from the gross amount.
The employee received a net salary of $3,000 after taxes.
- (adj.) Referring to the final amount remaining after all deductions.
The company's net profit increased this quarter.
Forms
- nets
- netted
- netting
Related terms
Commentary
In legal and financial contexts, "net" commonly qualifies sums or amounts exclusive of deductions, emphasizing the final, distributable figure.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.