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NET INCOME

by Law Professor

Gross income less allowable expenses. … [Read more...] about NET INCOME

NEMO PROHIBETUR PLURIBUS DEFENSIONIBUS UTI

by Law Professor

Latin, meaning No one is forbidden to make use of several defences. … [Read more...] about NEMO PROHIBETUR PLURIBUS DEFENSIONIBUS UTI

NET LEASE

by Law Professor

Lease for commercial real estate lease where the tenant pays for the space (as with a gross lease) and also part of the operating costs of the landlord. See also a triple net lease where the tenant pays the landlord's costs of the following three items: taxes, maintenance and insurance. Such a net lease favors the landlord because these items general never decrease, only … [Read more...] about NET LEASE

NEMO PUNITUR PRO ALIENO DELICTO

by Law Professor

Latin, meaning No one is punished for the crime of another. … [Read more...] about NEMO PUNITUR PRO ALIENO DELICTO

NET LOSS

by Law Professor

See net operating loss. … [Read more...] about NET LOSS

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