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[[Category:Legal Term]]
<div type="article"><p><i>The sum that remains following all permissible deductions, including charges, expenses, discounts, commissions, or taxes.</i></p>
<p><i>Net assets</i>, for example, are what remain after an individual subtracts the amount owed to creditors from his or her assets. <i>Net pay</i> is the salary an individual actually receives after deductions such as <span>[[Income Tax|income tax]]</span> and <span>[[Social Security|Social Security]]</span> payments.</p>
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