net price
Defined in 3 dictionaries — U.S. Code, Black's (1910), Black's (1891)
United States Code
20 U.S.C. § 1015a — in this section
The term “net price” means the average yearly price actually charged to first-time, full-time undergraduate students receiving student aid at an institution of higher education after deducting such aid, which shall be determined by calculating the difference between—
(A) the institution's cost of attendance for the year for which the determination is made; and
(B) the quotient of—
(i) the total amount of need-based grant aid and merit-based grant aid, from Federal, State, and institutional sources, provided to such students enrolled in the institution for such year; and
(ii) the total number of such students receiving such need-based grant aid or merit-based grant aid for such year.
20 U.S.C. § 1161m — in this section (2 versions over time)
In this section, the terms “tuition and fees” and “net price” have the meaning given to such terms in section 1015a of this title.
42 U.S.C. § 1786 — as used in this section
“Net price” means the difference between the manufacturer's wholesale price for infant formula and the rebate level or the discount offered or provided by the manufacturer under a cost containment contract entered into with the pertinent State agency.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
The lowest price, after deducting all discounts.
Defined under Net in Black's Law Dictionary.
A Dictionary of Law
Henry Campbell Black · 1891
The lowest price, after deducting all discounts.