Full Definition of SITE. 1. a: the spatial location of an actual or planned structure or set of structures (as a building, town, or monuments) b: a space of ground occupied or to be occupied by a building. 2. See site defined for English-language learners. See site defined for kids. ADVERTISEMENT.
Annual gross income is the amount of money you earn annually before any deductions take effect. Since deductions can vary from month to month, annual gross income is a more reliable figure for lenders to utilize.
Net; Meaning: Gross refers to the total amount before anything is deducted. Many important accounting statistics use this method, such as gross earnings and gross profit. Net refers to the amount remaining after certain adjustments have been made for debts, deductions or expenses. Gross vs Net Income: Gross income is the pre-tax net sales minus cost of sales. Also called Gross Profit. Net income is what remains after subtracting all the costs (namely, business, depreciation, interest, and taxes) from a companyâs revenues. It is sometimes called the bottom line. Also called earnings or net profit. Gross vs Net Margin