Netting

n. net-like material, net; installation of a net or nets

v. trap, snare; make a net profit, make a profit after expenses

This page is about the finance term. For the fabric called netting see Net (textile). In general, netting means to allow a positive value and a negative value to set-off and partially or entirely cancel each other out.In the context of credit risk, there are at least three specific types of netting:Close-out netting: In the event of counterparty bankruptcy, all transactions or all of a given type are netted at market value. The alternative would allow the liquidator to choose which contracts to enforce and which not to (and thus potentially "cherry pick"). There are international jurisdictions where the enforceability of netting in bankruptcy has not been legally tested.Netting by novation: The legal obligations of the parties to make required payments under one or more series of related transactions are canceled and a new obligation to make only the net payments is created.Settlement or payment netting: For cash settled trades, this can be applied either bilaterally or multilaterally and on related or unrelated transactions.
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Noun
1. a net of transparent fabric with a loose open weave
(synonym) gauze, veiling
(hypernym) net, network, mesh, meshing, meshwork
(hyponym) cheesecloth
2. creating netting
(hypernym) weaving
(derivation) web, net

Noun
1. a trap made of netting to catch fish or birds or insects
(hypernym) trap
(hyponym) brail
(derivation) nett
2. the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
(synonym) net income, net profit, lucre, profit, profits, earnings
(hypernym) income
(hyponym) earning per share
(part-meronym) share, portion, part, percentage
(derivation) clear
3. a goal lined with netting (as in soccer or hockey)
(hypernym) goal
(hyponym) cage
(classification) soccer, association football
4. game equipment consisting of a strip of netting dividing the playing area in tennis or badminton
(hypernym) game equipment
(hyponym) volleyball net
5. an open fabric of string or rope or wire woven together at regular intervals
(synonym) network, mesh, meshing, meshwork
(hypernym) fabric, cloth, material, textile
(hyponym) chicken wire
(part-meronym) backbone
(derivation) web
Verb
1. make as a net profit; "The company cleared $1 million"
(synonym) sack, sack up, clear
(hypernym) profit, gain, benefit
(verb-group) gain, take in, clear, make, earn, realize, realise, pull in, bring in
2. yield as a net profit; "This sale netted me $1 million"
(synonym) clear
(hypernym) yield, pay, bear
(verb-group) sack, sack up, clear
(derivation) net income, net profit, lucre, profit, profits, earnings
3. construct or form a web, as if by weaving
(synonym) web
(hypernym) weave, tissue
(derivation) network, mesh, meshing, meshwork
4. catch with a net; "net a fish"
(synonym) nett
(hypernym) catch, grab, take hold of
Adjective
1. remaining after all deductions; "net profit"
(synonym) nett
(antonym) gross
(similar) clear
2. conclusive in a process or progression; "the final answer"; "a last resort"; "the net result"
(synonym) final, last
(similar) ultimate

Verb
1. catch with a net; "net a fish"
(synonym) net
(hypernym) catch, grab, take hold of
Adjective
1. remaining after all deductions; "net profit"
(synonym) net
(similar) clear

(p. pr. & vb. n.)
of Net
  

(n.)
Urine.
  

(n.)
The act or process of making nets or network, or of forming meshes, as for fancywork, fishing nets, etc.
  

(n.)
A piece of network; any fabric, made of cords, threads, wires, or the like, crossing one another with open spaces between.
  

(n.)
A network of ropes used for various purposes, as for holding the hammocks when not in use, also for stowing sails, and for hoisting from the gunwale to the rigging to hinder an enemy from boarding.
  

Reducing transfers of funds between subsidiaries or separate companies to a net amount.