net

net
what is left after deducting all charges (see gross). Glossary of Business Terms
————
The gain or loss on a security sale as measured by the selling price of a security less the adjusted cost of acquisition. Bloomberg Financial Dictionary
————
The amount remaining after deductions ( e.g. after tax adjustments have been made). London Stock Exchange Glossary

* * *

I. net net 1 [net] also nett adjective
1. ACCOUNTING a net amount of money is one that remains after things such as costs and tax have been taken away:

Net income after higher taxes, provisions and depreciation jumped more than 25%.

• The company reported a net loss for the period after a charge related to reorganization costs.

net of

• The payment is net of tax.

— compare gross
2. [only before a noun] COMMERCE in buying, exporting etc, concerning a situation where the amount bought etc by one side is more than the amount bought etc by the other:

• Because of its oil fields in the North Sea, Britain is a net exporter (= a country that exports more than it imports ) of oil, though a small one.

• Canadian investors were net purchasers of US equities for the third straight quarter (= the value of US shares bought by Canadians was more than the value of Canadian shares bought by people in the US ) .

3. the net weight of something is its weight without its container or wrapping
  [m0] II. net net 2 noun
1. the net also the Net COMPUTING the system that allows computer users all over the world to communicate with each other; the Internet:

• Most users do not aimlessly surf the net (= look at information in different places as a form of entertainment ) . They always or usually go back to the same sites.

2. [uncountable] ACCOUNTING a company's profit after tax has been taken away; = NET PROFIT:

• The supermarket chain said net for the quarter was $40.3 million.

3. safety/​welfare etc net a system that will prevent people from suffering financial problems if they become ill, unemployed etc:

• safety net programs, including unemployment compensation and retraining of workers

• The social welfare net is essential.

  [m0] III. net net 3 verb netted PTandPP netting PRESPART [transitive] especially AmE ACCOUNTING
1. if something nets a company or a person a particular amount of money, it gives them that amount, perhaps after costs are taken away:

• Its public stock offering netted the company $72 million.

• charges involving a fraud scheme that netted him $12 million

2. if a person or a company nets a certain amount in a year, they earn that amount as income or as profit after tax is taken away:

• The farm netted as much as $1.5 million a year.

• After the capital-gains tax was paid, we only netted about $3.25 per hour.

net out phrasal verb
if an amount of money nets out at a particular amount, it is that amount after taxes etc are taken away:

• The trading for the world-wide group netted out as income of $200 million.

net something → down phrasal verb [intransitive, transitive]
if a quantity nets down to another quantity, or if you net it down to that quantity, you take off things such as tax or expenses from the total amount to find the net amount:
net something → down to

• The employer's contribution is £4,524 but this is tax deductible and nets down to £3,393.

  [m0] IV. net net 4 adverb ACCOUNTING TAX
after things such as costs and tax have been taken away:

• someone who earns more than £40,000 net

net of

• All fund dividends are paid gross rather than net of tax.

* * *

   Any figure from which some liability, such as tax, has been deducted.

* * *

Ⅰ.
net UK US /net/ noun
[U] (US MONEY, TAX the amount of profit that a business has left after tax has been paid: »

The company's fourth-quarter net edged higher to $22.4 million from $22 million.

cast/spread your net wide — Cf. spread your net wide
See also SAFETY NET(Cf. ↑safety net)
See Note GROSS(Cf. ↑gross)
Ⅱ.
net UK US /net/ verb [T]
ACCOUNTING if something nets a person or a business an amount of money, it produces that amount for them after all costs have been paid: a deal/scheme/sale nets sb sth »

The sale of the three big oil enterprises could net the country $3 billion.

ACCOUNTING to earn an amount of profit after tax and other costs have been paid: »

He had netted $1 million before he was 40.

net sb sth »

The business was sold in 1998, netting him £174m.

»

People who decided to sell netted a huge profit.

INFORMAL to obtain or achieve something good: »

His 200 applications netted only three callbacks.

Ⅲ.
net UK US (UK also nett) /net/ adjective
ACCOUNTING, FINANCE used to describe an amount of money that is left after tax and other costs have been paid: net amount/gain/loss »

Sixty percent of any net gain or loss will be treated as long-term capital gain or loss.

net earnings/income/profit »

She favored switching the system entirely from a tax on net company profits to one on the gross value of the oil.

a net increase/decrease in sth »

The state will see a net increase of $743 million in income, sales, and other tax revenue.

»

net costs/debt/revenue

COMMERCE, PRODUCTION used to describe a situation in which the value of goods sold or exported by one country is more than the value of the same type of goods sold or exported by the other: »

The UK became a net exporter of oil.

used to describe what is left after everything important has been included or removed: net effect/impact/result »

The net result of all the changes in employment levels was a solid gain of 157,000 jobs last month.

Compare GROSS(Cf. ↑gross)
Ⅳ.
net UK US /net/ adverb
ACCOUNTING, FINANCE after tax and other costs have been paid: »

She earns a salary of $60,000 net.


Financial and business terms. 2012.

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