adjusted gross : Spreety TV Online Glossary
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adjusted gross BUSINESS
n. Gross income (revenue) after the deduction of certain contractually
identified expenses. In a typical film distribution contract, the deductible
expenses include prints & advertising. Since some expense deductions are
allowed, this is not a true gross income figure. Conversely, since not all
expenses are deducted, this is not a true net income figure. Also modified
gross.
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