net

/net/ verb [T]

Definition

› 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)