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Glossary   >   N   >   "Net" Definition            Net Interest received from a bank or building society account after basic rate tax has been deducted. If you"re a higher rate taxpayer, you will have to pay more tax. The return on investments, such as savings accounts and fixed interest securities, after deduction of tax. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Net \ Interest received from a bank or building society account after basic rate tax has been deducted. If you"re a higher rate taxpayer, you will have to pay more tax.

The return on investments, such as savings accounts and fixed interest securities, after deduction of tax.