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Nett Meaning: Definition, Examples, and Translations

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nett

[nɛt ]

Definition

Context #1 | Adjective

financial term

The term 'nett' refers to the amount remaining after all deductions, typically in relation to income or profit. It denotes the final figure that an individual or entity takes home, excluding taxes and other expenses.

Synonyms

after-tax, clear, net.

Examples of usage

  • Her nett income after taxes was significantly higher this year.
  • The nett profit from the business was reported as the best in the last quarter.
  • It's essential to consider the nett price when comparing different offers.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Finance

  • In accounting, 'nett profit' refers to what remains after all expenses are taken out from total income.
  • Understanding nett amounts is important for personal budget management, helping people save money.
  • Businesses often report nett earnings to give clearer insights into their profitability.

Literature

  • In poetry, authors use 'nett' to describe clarity or purity, particularly in spiritual contexts.
  • Writers may contrast gross and nett figures when discussing the deeper meaning behind appearances versus reality.
  • The word often appears in classic literature when reflecting on themes of consequence and resolution.

Business

  • In sales, the nett price is what customers actually pay after discounts or rebates.
  • Many contracts stipulate terms in nett values to avoid confusion about payments.
  • Nett figures are crucial in negotiations to ensure all parties agree on what is being discussed.

Origin of 'nett'

Main points about word origin

  • Originates from the Old French word 'net', meaning 'clear' or 'clean'.
  • The term evolved from the Latin word 'netus', which described being free from burdens.
  • In financial contexts, it started appearing in the 18th century to denote final amounts after expenses.

The word 'nett' is derived from the French word 'net', which means 'clear' or 'pure', reflecting its use in financial contexts to imply amounts that have been calculated after certain deductions. The usage of 'nett' in English can be traced back to the late 19th century, where it started appearing in accounting and business texts. Over time, it became a standard term in finance, often contrasting with 'gross', which refers to total amounts before any deductions. The evolution of its usage mirrors the increasing complexity of financial transactions and the need for clarity in financial reporting. Today, 'nett' is commonly used in various professional fields, emphasizing the importance of understanding clear, final amounts.

Word Frequency Rank

Positioned at #24,953, this word is part of extensive vocabulary. It's relatively rare in general usage but may be important in specific fields or formal writing.