Business terms and jargon explained. Your business dictionary

What is Net Pay

Net pay is the net amount in a weekly/monthly payslip or the yearly amount AFTER taxes and deduction. The employee actually receives this amount. This can differ year to year as the tax rates and employment legislation changes periodically.

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Ex gratia Write off Take ownership Hidden Economy
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Term created / updated 2015-09-07 10:40:18

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

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