: a machine or container that is used for burning garbage, waste, etc. a machine or container that is used for burning garbage, waste, etc.
Net is the final figure after you've taken expenses off. For instance net wages is wages after tax and other deductions. Net interest is after tax is taken off. Net profit is gross profit after overheads have been deducted.
Definition: Net asset value(NAV) is the value of a fund's asset less the value of its liabilities per unit. NAV = (Value of Assets-Value of Liabilities)/number of units outstanding. Description: NAV is often associated with mutual funds, and helps an investor determine if the fund is overvalued or undervalued.