Net income
Black's Law Dictionary · Henry Campbell Black, M.A. · 1910
Black's Law Dictionary
The profit or income accruing from a business, fund, estate, etc., after deducting nil necessary charges and expenses of every kind.
Jones & Nimick Mfg. Co. v. Com., 69 Pa. 137; In re Young, 15 App. Div. 285, 44 N. Y. Supp. 585; Fickett v. Cohn (Co.m. PI.) 1 N. Y. Supp. 436.