Law Dictionary Definitions

gross-receipts tax.See TAX. [Blacks Law 8th]

gross receipts.Tax. The total amount of money or other consideration received by a business taxpayer for goods sold or services performed in a year, before deductions. IRC (26 USCA)§ 448; 26 CFR § 1.448-1T(f)(2)(iv). [Blacks Law 8th]

gross profit.See PROFIT(1).[Blacks Law 8th]

gross premium.See PREMIUM(1). [Blacks Law 8th]

gross negligence.See NEGLIGENCE. [Blacks Law 8th]

gross neglect of duty.See DESERTION. [Blacks Law 8th]

gross national product.The market value of all goods and services produced in a country within a year, used to measure a country’s economic development and wealth. — Abbr. GNP. [Blacks Law 8th]

gross misdemeanor.See MISDEMEANOR.  [Blacks Law 8th]

grossly inadequate consideration.See CONSIDERATION(1).  [Blacks Law 8th]

gross lease.See LEASE.  [Blacks Law 8th]