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Definition: Net

SNA 1993

The term "net" is a common means of referring to values after deducting consumption of fixed capital (generally used as in "net capital stock" or "net domestic product"); all the major balancing items in the accounts from value added through to saving may be recorded gross or net; it should be noted, however, that the term "net" can be used in different contexts in the national accounts, such as "net income from abroad" which is the difference between two income flows.
United Nations, "System of National Accounts (SNA) 1993", United Nations, New York, 1993, § 6.201