Gross receipts

Gross receipts
Gross Gross, a. [Compar. {Grosser}; superl. {Grossest}.] [F. gros, L. grossus, perh. fr. L. crassus thick, dense, fat, E. crass, cf. Skr. grathita tied together, wound up, hardened. Cf. {Engross}, {Grocer}, {Grogram}.] 1. Great; large; bulky; fat; of huge size; excessively large. ``A gross fat man.'' --Shak. [1913 Webster]

A gross body of horse under the Duke. --Milton. [1913 Webster]

2. Coarse; rough; not fine or delicate. [1913 Webster]

3. Not easily aroused or excited; not sensitive in perception or feeling; dull; witless. [1913 Webster]

Tell her of things that no gross ear can hear. --Milton. [1913 Webster]

4. Expressing, or originating in, animal or sensual appetites; hence, coarse, vulgar, low, obscene, or impure. [1913 Webster]

The terms which are delicate in one age become gross in the next. --Macaulay. [1913 Webster]

5. Hence: Disgusting; repulsive; highly offensive; as, a gross remark. [PJC]

6. Thick; dense; not attenuated; as, a gross medium. [1913 Webster]

7. Great; palpable; serious; vagrant; shameful; as, a gross mistake; gross injustice; gross negligence. [1913 Webster]

8. Whole; entire; total; without deduction; as, the gross sum, or gross amount, the gross weight; -- opposed to {net.} [1913 Webster]

{Gross adventure} (Law) the loan of money upon bottomry, i. e., on a mortgage of a ship.

{Gross average} (Law), that kind of average which falls upon the gross or entire amount of ship, cargo, and freight; -- commonly called {general average}. --Bouvier. --Burrill.

{Gross receipts}, the total of the receipts, before they are diminished by any deduction, as for expenses; -- distinguished from net profits. --Abbott.

{Gross weight} the total weight of merchandise or goods, without deduction for tare, tret, or waste; -- distinguished from {neat weight}, or {net weight}. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

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  • gross receipts — ➔ receipt1 * * * gross receipts UK US noun [plural] FINANCE, ACCOUNTING, COMMERCE ► the profits from particular sales before any costs or taxes have been paid: »Moviegoers bought $2.19 billion of tickets this summer, down slightly from last… …   Financial and business terms

  • gross receipts — n pl: the total amount of value in money or other consideration received by a taxpayer in a given period for goods sold or services performed Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • gross receipts — gross receipts, receipts before any deductions for expenses have been made …   Useful english dictionary

  • Gross Receipts — A tax term relating to the total business revenue from services provided that must be reported for the fiscal period. Gross receipts do not account for sales returns and allowances, cost of goods sold or any other deductible expenses. Gross… …   Investment dictionary

  • gross receipts — The entire earnings of a business without deduction; the total as opposed to the net. Greene County Bldg. & Loan Asso. v Milner Hotels, Inc. 240 Mo App 1048, 227 SW2d 111. For the purpose of a sales tax:–the proceeds of sales of personal property …   Ballentine's law dictionary

  • Gross receipts — Receipt Re*ceipt (r[ e]*s[=e]t ), n. [OE. receite, OF. recete, recepte, F. recette, fr. L. recipere, receptum, to receive. See {Receive}.] 1. The act of receiving; reception. At the receipt of your letter. Shak. [1913 Webster] 2. Reception, as an …   The Collaborative International Dictionary of English

  • Gross receipts tax — A gross receipts tax, sometimes referred to as a gross excise tax, is a tax on the total gross revenues of a company, regardless of their source. A gross receipts tax is similar to a sales tax, but it is levied on the seller of goods or services… …   Wikipedia

  • gross receipts — The total amount of money received by a business in a specified period before any deductions for costs, raw materials, taxation, etc. Compare net receipts …   Big dictionary of business and management

  • gross receipts — The total amount of money or the value of other considerations received from selling property or from performing services. New Mexico Enterprises, Inc. v. Bureau of Revenue, App., 86 N.M. 799, 528 P.2d 212, 213. See also gross income …   Black's law dictionary

  • gross receipts — The total amount of money or the value of other considerations received from selling property or from performing services. New Mexico Enterprises, Inc. v. Bureau of Revenue, App., 86 N.M. 799, 528 P.2d 212, 213. See also gross income …   Black's law dictionary

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