Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

NET SALES

Returns and discounts subtracted from gross sales revenue gives this amount. In an income statement, this amount is shown under sales revenue.

NET REVENUE

Any returns and any other negative revenue subtracted from gross total.

NET SURPLUS

after certain operating expenses are subtracted from recognized revenue, this amount results. Tax and dividend payments are part of the operating expenses.

NET TANGIBLE ASSETS PER SHARE

Recognized revenue amount in a company’s preferred stock holdings. The revenue amount is based on how much calculated profit over a company share count holdings.

NET WEIGHT

A good without its container and/or packaging weighed: Actual, computed, or estimated weight. Net weight equals gross weight less tare weight.

NET RETENTION

1. In Insurance, this is the insurance policies amount still on the books after subtracting cancellations and lapsed policies from new policies written. 2. In General business, this is the company’s employee

NET PRICE

After deducting all discounts and rebates, one has a final price.

NETBOOK

A small, limited-use laptop, primarily for email and Internet access. Netbooks started to gain in popularity in 2007. Netbooks are less expensive than a regular laptop, and generally weigh only two to

NETBACK

Total revenue from all products made from crude oil minus total cost bringing crude oil to market. Only applies to oil suppliers.

NETIZEN

A dedicated internet user as a cyberspace citizen.

NETTING

Mutual obligations settled among involved parties. Two involved parties is known as a bilateral netting. With three or more parties acting as a clearing house, it is known as a multilateral netting.

NETWORK ANALYSIS

Decomposing a complex project’s data into detailed components and showing their interdependencies and interrelationships by plotting. These components are activities, events, durations, and the like.

NETWORK

1. In Computers, this is an interconnected computers and peripherals grouping that shares software and hardware resources between many users. Connections occur by cable and/or wireless. The Internet is a global network

NET WORTH

Firm’s value to its owners, typically stockholders or shareholders. Value is usually shown on the firm’s balance sheet. Issued share capital plus retained earnings plus capital gains equals net worth. Also known

NETWORK MODEL HMO

multiple physician groups contracting with an HMO model. individuals not covered by the HMO can get care from these physician groups.

NEUROTOXIN

Behavioral, emotional, or body-movement motor abnormalities occur from an affected central nervous system when exposed to this specific type of biological or chemical substance, like mercury compounds.

NEURAL NETWORK

Artificial intelligence technique allegedly mimicking the human brain’s operation as nerves and neurons. Densely interconnected computer processors work simultaneously in parallel. A key neural networks feature is that their programming sets them

NETWORK SERVICE PROVIDER (NSP)

Entity as a high volume data capacity renter to limited internet service providers (ISP) who rent capacity to several internet users, known as subscribers.

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