Net Total
/ˈnɛt ˈtoʊtl/
Definitions
- (n.) The amount remaining after all deductions, such as expenses or liabilities, have been subtracted from the gross total.
The court calculated the net total damages owed to the plaintiff after all offsets.
Related terms
See also
Commentary
In legal drafting, specifying 'net total' clarifies the final amount after statutory or contractual deductions, avoiding ambiguity over gross or intermediate totals.
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.