netnet1 /net/ (also nett British EnglishBrE) adjectiveadj1ACCOUNTING a net amount of money is one that remains after things such as costs and tax have been taken awayNet income after higher taxes, provisions and depreciation jumped more than 25%.
The company reported a net loss for the period after a charge related to reorganization costs.
net ofThe payment is net of tax.
→ compare gross1 2[only before a noun]COMMERCE in buying, exporting etc, concerning a situation where the amount bought etc by one side is more than the amount bought etc by the otherBecause of its oil fields in the North Sea, Britain is a net exporter (=a country that exports more than it imports) of oil, though a small one.
Canadian investors were net purchasers of US equities for the third straight quarter (=the value of US shares bought by Canadians was more than the value of Canadian shares bought by people in the US).