What is a Netout?
— phrasal verb with net verb [ T ] /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.
How did you net out?
The expression to net out comes directly from net weight: Actual, computed, or estimated weight of a good without its container and/or packaging. Gross weight less tare weight equals net weight.
What’s the meaning of net?
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.
What is netted off?
The deduction of one amount from another.
What does net mean in money?
In commerce, net income is what the business has left over after all expenses, including salary and wages, cost of goods or raw material and taxes. For an individual, net income is the “take-home” money after deductions for taxes, health insurance and retirement contributions.
How do you pronounce net?
Pronunciation
- IPA: /nɛt/
- Hyphenation: net.
- Rhymes: -ɛt.
How do you use net off in a sentence?
The receivable of 17.69 billion lire in Fininvest Roma’s balance sheet simply netted off against the liabilities of 17.44 billion in Fininvest Srl’s balance sheets. And second, each transaction is settled for its entire amount (as opposed to being “netted off” against other payments in the opposite direction).
What does netting statement mean?
What Is Netting? Netting entails offsetting the value of multiple positions or payments due to be exchanged between two or more parties. It can be used to determine which party is owed remuneration in a multiparty agreement.
What is nett and gross?
Gross income is the total amount you earn and net income is your actual business profit after expenses and allowable deductions are taken out.
How do you pronounce pet?
Pronunciation
- IPA: /pɛt/, [pʰɛt], [pʰɛʔt]
- Audio (US) 0:01. (file)
- Rhymes: -ɛt.