A net ([[British English]]: nett) value is the resultant amount after accounting for the [[sum]] or of two or more variables.
In [[economics]], it is frequently used to imply the remaining value after accounting for a specific, commonly understood deduction. In these cases it is contrasted with the term [[Gross (economics)|]], which refers to the pre-deduction value. For example, [[net income]] is the total income of a [[company]] after deducting its [[expenses]]—commonly known as [[Profit (economics)|]]—or the total income of an individual after deducting his or her [[income tax]]. Profit may be broken down further into pre-taxed or [[gross profit]] and profit after taxes or [[net profit]]. Similarly, an individual's [[net worth]] the difference between their [[asset]]s (what they own) and their [[liabilities]] (what they owe to others).