net income

noun

Legal Definition of net income

: the balance of gross income remaining after all allowable deductions and exemptions are taken

Learn More About net income

Dictionary Entries Near net income

net asset value

net income

net lease

See More Nearby Entries 

Cite this Entry

“Net income.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/net%20income. Accessed 17 Jan. 2022.

Style: MLA
MLACheck Mark Icon ChicagoCheck Mark Icon APACheck Mark Icon Merriam-WebsterCheck Mark Icon

WORD OF THE DAY

Test Your Vocabulary

Name that Thing: Flower Edition

Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
Universal Daily Crossword

A daily challenge for crossword fanatics.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!