net
noun
uk/net/ us [ U ] MONEY, TAX US (also net income); (also net profit)
the amount of profit that a business has left after tax has been paid:
The company's fourth-quarter net edged higher to $22.4 million from $22 million.
cast/spread your net wide
to include many people or things when you are looking for something or trying to do something:
With unemployment in the area below 1%, it has had to cast its net wide to fill the 70 jobs it expects to create this year.
See also
safety net
net
verb [ T ]
uk/net/ us ACCOUNTING
if something nets a person or a business an amount of money, it produces that amount for them after all costs have been paid:
a deal/scheme/sale nets sb sth The sale of the three big oil enterprises could net the country $3 billion.
ACCOUNTING
to earn an amount of profit after tax and other costs have been paid:
He had netted $1 million before he was 40.
net sb sth The business was sold in 1998, netting him £174m.
People who decided to sell netted a huge profit.
informal
to obtain or achieve something good:
His 200 applications netted only three callbacks.
Phrasal verbs
net sth down
net out
net sth out
net
adjective
( UK also nett) uk/net/ us 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
net
adverb
uk/net/ us ACCOUNTING, FINANCE
after tax and other costs have been paid:
She earns a salary of $60,000 net.