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English definition of “net”

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net

verb [T]
 
 
/net/
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.
(Definition of net verb from the Cambridge Business English Dictionary © Cambridge University Press)
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