Term used to describe a firm's revenue after the amount of returns, allowances, and discounts is deducted from gross revenue from the firm's principal operations. American Banker Glossary
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Gross sales less returns and allowances, freight out, and cash discounts allowed. Bloomberg Financial Dictionary
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net sales UK US noun [plural] ACCOUNTING, FINANCE
► the total value of a company's sales after amounts for costs such as returned, damaged, or missing goods, and any price reductions, taxes, etc. have been subtracted: »
The company believes that its net sales for the next several quarters will be below prior year period levels.
Financial and business terms. 2012.