net proceeds of sale

The proceeds of a sale less charges which may rightfully be deducted by the custodian or agent making the sale. Becker Steel Co. v Cummings, 296 US 74, 80 L Ed 54, 56 S Ct 15.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • Net Proceeds — The amount received by the seller after all costs and expenses are deducted from the gross proceeds arising from the sale of an asset. Depending on the asset sold, such costs may either account for a marginal percentage of the gross proceeds, or… …   Investment dictionary

  • net proceeds — Amount received from the sale of an asset after deducting all transaction costs. Bloomberg Financial Dictionary * * * net proceeds net proceeds ➔ proceeds * * * net proceeds UK US noun [plural] ► FINANCE, COMMERCE the profit from selling goods or …   Financial and business terms

  • proceeds — Money or property received when collateral is sold, exchanged, or collected. American Banker Glossary money received by the seller of an asset. Bloomberg Financial Dictionary * * * proceeds pro‧ceeds [ˈprəʊsiːdz ǁ ˈproʊ ] noun [plural] 1. FINANCE …   Financial and business terms

  • proceeds — n. profit 1) net proceeds 2) proceeds from (proceeds from the sale of surplus property) * * * [ prəʊsiːdz] [ profit ] net proceeds proceeds from (proceeds from the sale of surplus property) …   Combinatory dictionary

  • proceeds — pro·ceeds / prō ˌsēdz/ n pl 1: money or other property received as the result of a sale or other transaction esp. involving collateral retain a security interest in the proceeds of collateral 2: money received from an insurance policy Merriam… …   Law dictionary

  • sale — noun 1 act of selling sth; occasion when things are sold ADJECTIVE ▪ quick ▪ The price is low to ensure a quick sale. ▪ illegal ▪ the illegal sale of alcohol ▪ art …   Collocations dictionary

  • net balance — In reference to the sale of goods, the proceeds from the sale, after deducting expenses associated with the sale (commissions, etc.) + net balance In commercial usage, the balance of the proceeds, as from a sale of stock, after deducting the… …   Black's law dictionary

  • proceeds — noun ADJECTIVE ▪ total ▪ gross ▪ net ▪ sale VERB + PROCEEDS ▪ use …   Collocations dictionary

  • net balance — As applied to the proceeds of a sale, the balance of the proceeds after deducting the expenses incident to the sale. Evans v Waln, 71 Pa St 69, 74 …   Ballentine's law dictionary

  • net — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ fine, fine mesh ▪ safety ▪ fishing ▪ drift ▪ mosquito …   Collocations dictionary

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