In other words, net is basically gross minus whatever you owe or have spent. The amount described or referred to as net is how much you have left after you’ve subtracted anything that doesn’t count toward profit, like debts and expenses. The amount described or referred to as gross is everything that has been taken in, not accounting for things like debts, deductions, and expenses. Of course, gross and net are common words with many other meanings, but these senses of gross and net are used in the context of measuring something (especially money) that has been accumulated-profit, income, earnings, gains, etc. In the context of finance and accounting, gross refers to the total amount before any deductions, while net refers to the final amount that remains after deductions have been made.
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