Category: G

Great; culpable. General. Absolute or entire. A thing in gross exists in itsown right, and not as an appendage to another thing.As to gross “Adventure,” “Average,” “Earnings,” “Fault,” “Negligence,” and “Weight,” see those titles.

Maximum damage coverage for a specific risk.

In maritime law. A loan on bottomry. So named because the lender, in case of a loss, or expense incurred for the common safety, must contribute to the gross or general average.

(Sales revenue minus Cost of sales) divided by Sales revenue calculates this value.

Un-taxed, un-adjusted, total annual income earnings. Is the amount of money an entity earns in one year from all sources, before taxes. Gross annual income is the starting base figure.

In maritime law. A contribution made by the owners of a ship, its cargo, and the freight, towards the loss sustained by the voluntary and necessary sacrifice of property for the common safety, in proportion to their respective interests. More commonly called “general average,” (5. v.) See 3 Kent, Comm. 232; 2 Steph. Comm. 179. Wilson v. Cross, 33 Cal. 09.

Billing total product or service cost with no adjustments or deductions. If ten units of product are bought at $100, but two units are returned, the gross billing is still $1,000. The returned units are ignored. Also refer to net billing.

A count of valued entity instruments. Long-term asset depreciable costs are excluded.

Asset’s original, historical purchase price, depreciation deductions excluded.

Annual national value tally at market prices of overall output of goods and services. Non-US net income is excluded.