nets

In finance, "nets" refer to the process of offsetting multiple transactions to determine a single, net amount owed or due between parties. Instead of settling each individual debt separately, parties calculate the total amount they owe each other and settle only the difference. This reduces the number of transactions, saves time, and minimizes transaction costs. For example, if two companies owe each other different amounts, they can net the totals to find a single payment, simplifying the process and making financial exchanges more efficient.