Nett: meaning, definitions and examples

Etymology

• 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.

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.

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.

• ...
• 24950 crackle
• 24951 uncritically
• 24952 malign
• 24953 nett
• 24954 palpitations
• 24955 villainous
• 24956 warbler
• ...