- gross
- the total overall amount. For example, gross profit is the trading profit of a business without any deductions for business expenses. Glossary of Business Terms————Before deduction of tax. Exchange Handbook Glossary————The gross amount is the amount before the deduction of tax. Financial Services Glossary————The total amount before deductions ( e.g. before tax deductions). London Stock Exchange Glossary
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▪ I. gross gross 1 [grəʊs ǁ groʊs] adjective [only before a noun]1. ACCOUNTING a gross amount of money is the total amount before any costs or taxes have been taken away:• Mortgage payments often account for up to 30% of people's gross earnings.
• Last year, their travel and tourism business generated upwards of $400 million in gross revenues.
— compare net2. \This is as in the sample text, but do we really need it, since gross weight is a HWD? a gross weight is the total weight of something, including the container or wrapping and the contents:• Coaches with a gross weight of less than 3.5 tons must be fitted with seat belts that comply with EU regulations.
3. gross behaviour is seriously wrong and unacceptable:• The inquiry uncovered gross mismanagement at the Department.
[m0] ▪ II. gross gross 2 noun gross PLURALFORM1. [singular] COMMERCE the amount paid by people to go and see a film in a particular period of time; = GROSS RECEIPTS:• During its first weekend, the film had a box office gross of $95 million.
2. [singular] ACCOUNTING the amount earned by a person or a business before costs and taxes are taken away:• While album sales once accounted for only a tiny share of his revenue, they now account for the majority of his annual gross of about $100,000.
3. [countable] a quantity of 144 things:• a cardboard box containing two gross of packets of Maltesers
[m0] ▪ III. gross gross 3 verb [transitive]1. especially AmE COMMERCE if a film grosses a particular amount, people pay that total amount of money to see it:• The film grossed $18.5 million in its opening weekend.
2. especially AmE ACCOUNTING if a person or business grosses a particular amount, they earn that total amount of money before costs and tax have been taken away:• He has never grossed over $50,000 dollars a year.
to calculate an amount, including in it all the things, for example tax relief, that are normally taken away:• A basic rate taxpayer currently receives a net dividend of £75 on his personal saving plan. This dividend will be grossed up to £100.
[m0] ▪ IV. gross gross 4 adverbACCOUNTING FINANCE TAX if a person, business, or investment earns a particular amount gross, they earn that amount before tax has been taken away:• Leading shares now earn just 6% gross and pay dividends of 4% after tax.
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Ⅰ.gross UK US /grəʊs/ adjective► FINANCE, TAX, ACCOUNTING used to describe a total amount of money before tax, etc. is taken off: gross earnings/income/revenue »The company posted gross earnings of $150.8 million.
»gross salary/wages
gross interest/return/yield »Basic-rate taxpayers need to earn 4% gross interest to beat inflation.
► [before noun] FORMAL LAW extremely bad: »gross misconduct/mismanagement/negligence
Ⅱ.gross UK US /ɡrəʊs/ adverb► FINANCE, TAX, ACCOUNTING before tax, etc. is taken off: »He earns €75,000 a year gross.
Ⅲ.gross UK US /grəʊs/ verb [T]► FINANCE to earn a total amount before tax, etc. is taken off: »He grossed over $100,000 last year.
► COMMERCE to earn a particular amount in ticket sales: »It has become the highest grossing film of all time.
Ⅳ.gross UK US /ɡrəʊs/ noun [C]► COMMERCE the total amount of money that a film makes in sales of cinema tickets: a gross of sth »His latest film opened with a gross of just $6 million.
► FINANCE the amount that a person or business earns before tax and costs have been taken away: a gross of sth »Her company showed a 25% profit on a gross of about $200,000 in 2010.
► MEASURES a quantity of 144 of something: a gross of sth »a gross of apples
Financial and business terms. 2012.
