net

(UK also nett)

/net/ adjective

Definition

› 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

(Definition of net adjective from the Cambridge Business English Dictionary © Cambridge University Press)