to be or have a particular amount at the end of a process: We will net out with several hundred additional jobs over two years.net out — phrasal verb with net verb [ T ] uk / net / us to be or produce a particular amount of money after tax and other costs have been paid: The facility showed a gross loss of $2.8m, which, when set against investors ' deposits of £1.5m, netted out at $1.36m.
What does it mean to net out something?
to be or have a particular amount at the end of a process: We will net out with several hundred additional jobs over two years.
Where did we net out meaning?
In that first citation, it appears to be a synonym for come to a conclusion. The question appears to be a rephrasing of “What was our conclusion on this?” or “What did we finally decide on this?” In the second citation, it appears to be a synonym for summarize in terms of net benefit/loss.
What does the term net mean?
1 : free from all charges or deductions: such as. a : remaining after the deduction of all charges, outlay, or loss net earnings net worth — compare gross. b : excluding all tare net weight. 2 : excluding all nonessential considerations : basic, final the net result net effect.
Is it net of or net off?
Understanding Net of Tax In the financial industry, gross and net are two key terms that refer to before and after the payment of certain expenses. In general, 'net of' refers to a value found after expenses have been accounted for. Therefore, the net of tax is simply the amount left after taxes have been subtracted.
How do you use net in a sentence?
(1) They baled up some fishes with a net. (2) He played the ball back close to the net. (3) Bruce spends most evenings surfing the Net . (4) Net the fruit trees to protect them from birds.
What is net amount mean?
Gross pay is how much employees earn before taxes and other withholdings, whereas net pay is the amount of money employees actually take home after all payroll deductions. For example, if an employee makes $8,000 gross per month and has $1,700 deducted for taxes and benefits, that individual's net pay would be $6,300.
What is the synonym of net?
snare, tanglement, toil(s), trap, web.
Does net mean minus?
Net income is gross profit minus all other expenses and costs as well as any other income and revenue sources that are not included in gross income. Some of the costs subtracted from gross to arrive at net income include interest on debt, taxes, and operating expenses or overhead costs.
What type of word is net?
Net can be an adjective, a verb or a noun - Word Type.
Is net after tax or before?
Gross pay is what employees earn before taxes, benefits and other payroll deductions are withheld from their wages. The amount remaining after all withholdings are accounted for is net pay or take-home pay.
What is net off in banking?
A net charge-off (NCO) is the difference between the amount of gross charge-offs and any recoveries of delinquent debt. An NCO can be thought of as the debt owed to a company or organization that is not likely to be recovered.
How do you net off?
In its broad sense, netting off means matching two opposite amounts that are related or identical. For example, if you issue an invoice and a credit note, both of the same value, then these two amounts can be “netted off” to zero. This is usually done at general ledger level, not trial balance level.
Is net the same as gross?
Gross pay is what employees earn before taxes, benefits and other payroll deductions are withheld from their wages. The amount remaining after all withholdings are accounted for is net pay or take-home pay.
What is the meaning of net in biology?
Movement of Molecules Across Cell Membranes.
What is the meaning of net in volleyball?
volleyball net Add to list Share. Definitions of volleyball net. the high net that separates the two teams and over which the volleyball must pass. type of: net. game equipment consisting of a strip of netting dividing the playing area in tennis or badminton.
What is the meaning fishing net?
(ˈfɪʃɪŋ nɛt ) 1. a large net used on fishing boats for catching fish. 2. a net attached to a long stick, used for catching fish.
Is net a verb?
verb (used with object), net·ted, net·ting. to cover, screen, or enclose with a net or netting: netting the bed to keep out mosquitoes. to take with a net: to net fish.
Where does the term net come from?
Net (as in the piece of meshed fabric) is a very old word that hasn't changed very much over time. However, its use to refer to income and profit is more of a recent development—sometime around 1300–1500—and it originates as a variant of neat derived from the Latin nitere (“to shine, look bright, glitter”).
How is net amount calculated?
Total Revenues – Total Expenses = Net Income If your total expenses are more than your revenues, you have a negative net income, also known as a net loss.
What is difference between gross and net amount?
Gross income is the total amount you earn and net income is your actual business profit after expenses and allowable deductions are taken out. However, because gross income is used to calculate net income, these terms are easy to confuse.
How do you calculate net price?
First subtract each discount from 100 percent to find its complement. Then multiply the complements to find the percent you actually pay, which is the net-price rate.
How do you say many in a formal way?
Numerous, a more formal word, refers to a great number or to very many units: letters too numerous to mention.
What are the opposite words?
An opposite word can be defined as a word that expresses a meaning as opposed to the meaning of a particular word. In this case, the two words are called antonyms of each other.
How do I calculate net to gross?
You are a shop owner and you sell a huge chocolate bar for $40 . The sales tax or VAT (doesn't really matter in this case) is 25% . The gross price would be $40 + 25% = $40 + $10 = $50 . Net price is $40 , gross price is $50 and the tax is 25% .
Do you pay taxes on gross or net?
Taxes and deductions are taken from your gross income to arrive at net income. Common taxes that are taken out of gross income include federal income tax, state tax, Social Security tax, and Medicare tax. These are the basics that, once deducted from gross income, result in net income.
What is the meaning of the name net out?
Meaning of “net out” in the English Dictionary. "net out" in Business English. › to be or produce a particular amount of money after tax and other costs have been paid: The facility showed a gross loss of $2.8m, which, when set against investors' deposits of £1.5m, netted out at $1.36m.
What is NETnet in accounting?
net- the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) net income, net profit, profit, profits, earnings, lucre
What does “net” mean?
It can also be defined as “to cover, screen, or enclose with a net or netting” to keep things, like bugs out, or to do the exact opposite and set them up to catch things, like fish in a river. But where net can get confused with gross is when dealing with numbers. As opposed to gross, net as a noun can mean a net income or profit.
What does it mean for something to'net out'?
Something nets out - meaning has/results in a summary value, including various side-effects - for whatever form of value you're assigning. Something nets out the same if the outcome is of the same value.
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What language is .NET similar to?What is net fee?
