net income: ... money or the like in hand after subtracting costs—net profit, earnings; the sum arrived at after deducting, from gross income, all expenses, including taxes and bad debts. Net income is reported in business as the bottom line. It is the amount of a medium of exchange that remains after subtracting all costs for generating a stream of revenue. Money recognized as having cash equivalent value is often thought of as the exchange medium for obtaining goods and services outside of a barter system. According to http://definitions.uslegal.com ... revenue stream is simply another name for income, but possibly because it sounds more sophisticated than the word "sales" or "salary," was borrowed from investment talk where assets are said to have a "future revenue stream" or from government where it is less crass-sounding than "taxes"—the phrase has come into current use in business to mean sales (more about revenue streams). related: gross
income;
profit |
bottom line: ... a pragmatic
summary of essential point(s); the place on income or financial
statements at which the absolute net amount of gains
and losses are reported; the upshot of something said; the succinct
point that is the gist of a verbal statement
or evaluation; a ruthless statement of what is expected in terms
of results from an action. The bottom line gets the
attention of those who are stakeholders whether
its in something in which they put their time or
money. |
FYI: definition
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Economic
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04/06/2010 |