The net income
Example: Net income represents profit remaining after all expenses are deducted
Definition
"The net income" in finance refers to the total profit remaining after all expenses, taxes, and costs have been subtracted from total revenue. It represents the actual earnings a company retains over a specific period, often used to assess profitability and financial health.
Etymology
The term "the net income" combines 'net,' from the Latin 'nitere,' meaning to shine or be clear, later evolving to mean 'clean' or 'free from deductions,' and 'income,' from Old English 'incuman,' meaning to come in. Thus, "the net income" literally means the clear earnings that come in, after all deductions.
Learn to use this word actively
"The net income" appears in the Vocaplus list "English - Finance - (A1-C2) - set 1", containing 150 commonly used words.
Would you like to not only understand these words, but also remember them and use them actively? Create a free account and select English as the language you want to learn.
Create a free account
