Business Terms and Jargon Explained

What is Net income

This is a persons, companies or organisations total revenue less total costs giving the net profit or net income. This formula is used to determine the profit or loss up to a given period of time. Remember incomes is just sales and money coming in and does not give an indication of profitability.

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Class Licence Budget account Net Pay
Kickback Won County Court
EPC Big Four Discounted Cash Flow
Industrial Tax Exemption N336 Civil Court form Codicil
Declaration Date Testator Dominium
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Fixed Assets Principal trade Ingot
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Joint Venture Puisne Judge PRODCOM
N170 Civil Court form Unearned income Excise Duty
Demurrage N242A Civil Court form Annuitant
Talis qualis Encryption - Audit Report

Term created / updated 2020-01-30 14:08:31

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