net profit

net profit
The difference between the end cost of a commodity or a security and the selling price after allowing for the expenses of sale. The gain which accrues on an investment after deducting expenses and losses. MacCulsky v Klosterman, 20 Or 108, 25 P 366. In the language of a bookkeeper, the balance which remains after deduction from gross earnings or profits. Harvey v Missouri Valley Electric Co. (Mo) 268 SW2d 820, 49 ALR2d 1124. The net earnings of a corporation applied to the payment of dividends to stockholders. 19 Am J2d Corp § 805. The meaning of this term varies according to the context in which and the circumstances under which the words are used. Harvey v Missouri Valley Electric Co. (Mo) 268 SW2d 820, 49 ALR2d 1124.

Ballentine's law dictionary. . 1998.

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