Meaning of “net sth down” in the English Dictionary

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"net sth down" in Business English

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net sth down

phrasal verb with net uk /net/ us verb [ T ]

ACCOUNTING to reduce an amount by subtracting tax and other costs:

In most cases, the interest rate paid will be the tax-free rate netted down.

(Definition of “net sth down” from the Cambridge Business English Dictionary © Cambridge University Press)