Glossary: G
GROSS
Indicates an amount from which certain items have yet to be deducted.
GROSS INTEREST
Interest on savings before any tax is taken off.
GROSS PROFIT
In a business - the money you make from selling your goods and services less the cost of materials or making the goods.
GROSS PAY
Your pay before anything is taken away from it, like income tax and National Insurance Contributions.
Adapted from Money matters to me. Used with permission. Back to top
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