: a machine or container that is used for burning garbage, waste, etc. a machine or container that is used for burning garbage, waste, etc.
Net is the final figure after you've taken expenses off. For instance net wages is wages after tax and other deductions. Net interest is after tax is taken off. Net profit is gross profit after overheads have been deducted.
The easiest way to define net worth is that it is what you own, minus what you owe. It is how much you have left over when you take everything you own, sell it, and use the proceeds to pay off what you owe. 1  Your net worth gives you a good idea of your overall wealth, your the health of your financial situation. For instance, you might be able to sell your five-year-old TV for $100, but replacing it with a comparable new one might cost $250. 2  Weâll pretend your household possessions add up to $25,000, for a running total of $215,000. 3  Be careful not to double-count anything.