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Net

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Revision as of 15:58, 2 December 2009 by Admin (Talk | contribs)

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The sum that remains following all permissible deductions, including charges, expenses, discounts, commissions, or taxes.

Net assets, for example, are what remain after an individual subtracts the amount owed to creditors from his or her assets. Net pay is the salary an individual actually receives after deductions such as income tax and Social Security payments.

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