income, net

income, net
n.
A business’s income minus operating expenses and taxes.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

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  • income — in·come n: a gain or recurrent benefit usu. measured in money that derives from capital or labor; also: the amount of such gain received in a period of time an income of $20,000 a year Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • net — adj [Anglo French, clean, pure, from Latin nitidus bright, neat, from nitēre to shine]: remaining after deduction of all charges, outlay, or loss the net proceeds compare gross Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • net income — n: the balance of gross income remaining after all allowable deductions and exemptions are taken Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. net income …   Law dictionary

  • Net — Net, a. [F. See {Neat} clean.] 1. Without spot; pure; shining. [Obs.] [1913 Webster] Her breast all naked as net ivory. Spenser. [1913 Webster] 2. Free from extraneous substances; pure; unadulterated; neat; as, net wine, etc. [R.] [1913 Webster]… …   The Collaborative International Dictionary of English

  • Net tonnage — Net Net, a. [F. See {Neat} clean.] 1. Without spot; pure; shining. [Obs.] [1913 Webster] Her breast all naked as net ivory. Spenser. [1913 Webster] 2. Free from extraneous substances; pure; unadulterated; neat; as, net wine, etc. [R.] [1913… …   The Collaborative International Dictionary of English

  • net return — Net income; net profit. The net return of a bond purchased for a specified amount, is the interest paid on such bond increased or diminished by such an amount added or deducted at the time of each interest payment as will restore the purchase… …   Ballentine's law dictionary

  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

  • income — money that is being earned by the business. Glossary of Business Terms * * * income in‧come [ˈɪŋkʌm, ˈɪn ] noun 1. [countable, uncountable] money that you earn from your job or that you receive from investments: • The family pays more than 50% of …   Financial and business terms

  • Net income — For personal income net of taxes, see disposable income. Bottom line redirects here. For other uses, see Bottom line (disambiguation). Accountancy Key concepts Accountant · Accounting period · Bookkeeping · …   Wikipedia

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