Net Profit
/ˌnet ˈprɒfɪt/
Definitions
- (n.) The amount remaining after all expenses, taxes, and costs have been deducted from total revenue, often used in financial statements and legal accounting.
The contract specified how the net profit would be shared among the partners.
Related terms
See also
Commentary
In legal contexts, net profit calculation can affect contractual obligations and distribution of earnings; clear definition in agreements is essential to avoid disputes.
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.