Net

{
  "id": "MLC-T-LAW-003383",
  "term": "Net",
  "field": "Law",
  "definition": "The amount remaining after all deductions, expenses, or charges have been subtracted from a gross sum. This calculation provides the actual value or profit after accounting for all liabilities. For example, net income is calculated by subtracting operating expenses, interest, and taxes from gross revenue.",
  "url": "https://mlchart.com/terminology/law/net/"
}