Net Definition

In finances, the "net" value is the value actually realized. For example, if an asset is purchased for $1,000 and sold for $1,500 it would be said to have a net transaction value of $500. Net is frequently used with income-your net income is the amount of money remaining after taxes and deductions. A company’s net earnings are gross revenues less the total cost of doing business. Net values are sometimes described as "the bottom line".