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Net income

Net income is gross income minus expenses (excluding debt service).

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Related terms

net income
Financial services; Real estate investment

Net income is gross income minus expenses (excluding debt service).

net income
Economy; International economics

1. Of a firm, total revenue minus total cost. 2. Of a country, national income minus capital consumption allowance.

net income
Agriculture; Rice science

Gross farm income minus total farm costs.

net income
Financial services; General Finance

The company's total earnings, reflecting revenues adjusted for costs of doing business, depreciation, interest, taxes and other expenses.

net income
Insurance; Life insurance

The total after-tax earnings generated from operations and realized capital gains as reported in the company's NAIC annual statement on page 4, line 16.

net income
Energy; Coal; Natural gas; Petrol

Operating income plus other income and extraordinary income less operating expenses, taxes, interest charges, other deductions, and extraordinary deductions.

accelerated cost recovery system (ACRS)
Financial services; Real estate investment

Before 1981, assets used for the production of income were depreciable if they were subject to wear and tear or decline due to natural causes or obsolescence. Assets that did not ...

accelerated depreciation
Financial services; Real estate investment

Accelerated depreciation is a method of depreciation in which larger deductions are taken earlier in the life of the asset than with the straight-line method. Examples include the ...

account
Financial services; Real estate investment

An account is a written record of a business transaction expressed in money and kept in a ledger.

accounting principles
Financial services; Real estate investment

Accounting principles refer to an accounting doctrine that explains current practices and is a guide for the selection of accounting conventions or procedures when alternatives ...

accrued depreciation
Financial services; Real estate investment

Accrued depreciation is the difference between the cost of replacing new property and the present market value of the property.

active income
Financial services; Real estate investment

Active income is all taxable income of a taxpayer except income from a passive activity and portfolio income. Passive activity is something in which the taxpayer does not actively ...

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