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Introduction
The term "Net" refers to the final amount after all relevant deductions, adjustments, or expenses have been subtracted from the original figure. It is often used in financial contexts to describe values such as income, profit, or assets after accounting for costs, taxes, or other liabilities. Understanding the concept of "Net" is essential for assessing the true value or impact of a transaction, as it reflects the actual amount available or owed in a given scenario.
Below are various examples of how "Net" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Net" in financial calculations
This definition ties "Net" to its use in financial calculations, referring to the remaining amount after deductions.
"Net" means the amount remaining after all deductions, including taxes, fees, and other relevant costs, have been subtracted from the gross amount.
Definition of "Net" for income after expenses
This definition connects "Net" to income remaining after all business-related expenses are accounted for.
"Net" refers to the total income of a business after all operating expenses, taxes, and other costs have been deducted.
Definition of "Net" for net profit in business
This definition links "Net" to net profit, which represents the final profit after all expenses.
"Net" means the profit remaining after all expenses, interest, taxes, and other deductions have been subtracted from the total revenue.
Definition of "Net" for net assets in accounting
This definition applies "Net" to the calculation of net assets, the difference between total assets and total liabilities.
"Net" refers to the value of an entity’s assets after liabilities have been subtracted, representing the financial health of the entity.
Definition of "Net" for net worth
This definition ties "Net" to the concept of net worth, which is the difference between an individual’s or company’s total assets and liabilities.
"Net" means the difference between total assets and total liabilities, reflecting the overall financial position of an individual or entity.
Definition of "Net" for net value in contracts
This definition connects "Net" to net value in the context of contracts, often indicating the final amount after agreed-upon adjustments.
"Net" refers to the final amount due or payable in a contract after deductions such as discounts, taxes, or adjustments have been made.
Definition of "Net" for net proceeds from a sale
This definition links "Net" to net proceeds, which are the amount remaining from a sale after all associated costs and expenses are deducted.
"Net" means the amount received from the sale of goods or assets after the deduction of selling costs, commissions, and other related expenses.
Definition of "Net" for net income tax calculation
This definition applies "Net" to the calculation of income tax, based on the final income after all deductions.
"Net" refers to the income amount after allowable deductions, which is used to calculate income tax obligations.
Definition of "Net" for net operating income
This definition ties "Net" to net operating income, the amount of revenue after operating expenses, excluding taxes and interest.
"Net" refers to the operating income of a business after deducting the operating expenses, excluding taxes and interest payments.
Definition of "Net" for net present value (NPV)
This definition connects "Net" to net present value, which is the sum of present values of cash flows minus initial investment.
"Net" means the sum of present values of cash inflows and outflows, subtracted from the initial investment, representing the financial value of an investment.
Definition of "Net" for net amount payable
This definition applies "Net" to the total amount payable after deductions for discounts, rebates, or expenses.
"Net" refers to the total amount owed after applying all discounts, adjustments, or rebates to the original amount.
Definition of "Net" for net payment
This definition ties "Net" to net payment, the amount received by a party after deductions, such as fees or taxes.
"Net" refers to the amount of payment received after all deductions, including transaction fees and taxes.
Definition of "Net" for net charges
This definition links "Net" to net charges, indicating the total charges after discounts, adjustments, or rebates.
"Net" means the total charges incurred after considering all discounts, rebates, or adjustments.
Definition of "Net" for net credit
This definition applies "Net" to net credit, the available credit remaining after applying charges and payments.
"Net" refers to the credit amount available after subtracting all payments or charges that have been applied.
Definition of "Net" for net revenue
This definition connects "Net" to net revenue, which is the amount of revenue after subtracting returns, allowances, and discounts.
"Net" means the total revenue of a business after adjusting for returns, discounts, and allowances.
Definition of "Net" for net cash flow
This definition applies "Net" to the total cash inflow minus cash outflow over a specific period.
"Net" refers to the total cash flow of an entity after subtracting all outflows, such as operating costs, from the cash inflows.
Definition of "Net" for net worth in personal finance
This definition ties "Net" to net worth in personal finance, which is the difference between personal assets and liabilities.
"Net" refers to the value of an individual's assets minus liabilities, representing their overall financial position.
Definition of "Net" for net liability
This definition connects "Net" to net liability, the total amount of liabilities after subtracting applicable assets.
"Net" means the total liabilities of an entity, adjusted for any assets that may reduce the overall liability.
Definition of "Net" for net financial position
This definition applies "Net" to the financial position of an entity, taking into account both assets and liabilities.
"Net" refers to the overall financial position of a business or individual after deducting liabilities from assets.
Definition of "Net" for net settlement amount
This definition ties "Net" to net settlement, the final settlement amount after all adjustments and deductions have been made.
"Net" means the final settlement amount due after all adjustments, deductions, or fees have been accounted for.
Definition of "Net" for net adjustment
This definition connects "Net" to net adjustments, indicating the final changes made after considering all previous adjustments.
"Net" refers to the final value of adjustments after all credits, debits, or other changes have been applied.
Definition of "Net" for net exposure
This definition links "Net" to net exposure, the overall financial risk or position after taking into account all offsetting positions.
"Net" refers to the remaining exposure after accounting for all risk-reducing positions or strategies.
Definition of "Net" for net value of investments
This definition applies "Net" to the value of an investment after deducting management fees, transaction costs, and taxes.
"Net" means the total value of an investment after all costs, including management fees, commissions, and taxes, have been deducted.
Definition of "Net" for net borrowing
This definition ties "Net" to net borrowing, the total amount borrowed after subtracting any repayments.
"Net" refers to the amount of borrowing remaining after all repayments have been deducted.
Definition of "Net" for net credit exposure
This definition connects "Net" to net credit exposure, which is the total credit risk after factoring in any collateral or mitigants.
"Net" refers to the total amount of credit risk exposure after considering all collateral, offsets, and mitigants.
Definition of "Net" for net adjustment in taxes
This definition applies "Net" to the adjustments in taxable income or tax liabilities after all credits and deductions.
"Net" refers to the amount of taxable income or tax liabilities after all deductions, credits, or exemptions have been applied.
Definition of "Net" for net discount
This definition links "Net" to net discount, which refers to the total discount applied after all adjustments.
"Net" means the final discount granted after considering any other changes or adjustments in the pricing.
Definition of "Net" for net gains
This definition ties "Net" to net gains, which represent the profit after all expenses, costs, or losses have been deducted.
"Net" refers to the overall gain realized after subtracting all costs, including taxes, fees, or losses, from the total income.
Definition of "Net" for net reduction
This definition applies "Net" to the overall reduction after considering all increases or decreases.
"Net" means the total reduction after all increases and decreases have been considered, resulting in the final value.
Definition of "Net" for net investment return
This definition connects "Net" to the return on investment after all related costs have been deducted.
"Net" refers to the return on an investment after factoring in all costs such as management fees, commissions, and taxes.
Definition of "Net" for net charges
This definition links "Net" to net charges, indicating the total charges after discounts, adjustments, or rebates.
"Net" means the total charges incurred after considering all discounts, rebates, or adjustments.
Definition of "Net" for net worth in business
This definition connects "Net" to net worth, which is the difference between the total assets and total liabilities of a business.
"Net" refers to the value of a business’s assets after subtracting its total liabilities, reflecting its overall financial position.
Definition of "Net" for net liability
This definition links "Net" to net liability, the total amount of liabilities after subtracting applicable assets.
"Net" means the total liabilities of an entity, adjusted for any assets that may reduce the overall liability.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.