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net income
Found in thesaurus: income
| Babylon English | Download this dictionary |
net income
tax-free income, income remaining after taxes and other payments are deducted
| English Wikipedia - The Free Encyclopedia | Download this dictionary |
Net income
In business, net income (total comprehensive income, net earnings, net profit, informally, bottom line) is an entity's income minus cost of goods sold, expenses and taxes for an accounting period. It is computed as the residual of all revenues and gains over all expenses and losses for the period, and has also been defined as the net increase in shareholders' equity that results from a company's operations. In the context of the presentation of financial statements, the IFRS Foundation defines net income as synonymous with profit and loss.
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| WordNet 2.0 | Download this dictionary |
net income
Noun
1. the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
(synonym) net, net profit, lucre, profit, profits, earnings
(hypernym) income
(hyponym) earning per share
(part-meronym) share, portion, part, percentage
| Campbell R. Harvey's Hypertextual Finance Glossary | Download this dictionary |
Net income
The company's total earnings, reflecting revenues adjusted for costs of doing business, depreciation, interest, taxes and other expenses.
| Raynet Business & Marketing Glossary | Download this dictionary |
Net Income
for a business, same as net profit. For an individual, gross income minus incurred expenses, used to calculate income tax owed;also called bottom line.
