Net interest
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1. Tax.
Interest stated after offsetting tax effects, if any.
In this sense, net interest receivable means interest receivable stated after deducting any tax payable thereon.
In this context, net interest payable means interest payable stated after offsetting any tax relief enjoyed on the interest expense.
2.
Interest (usually) payable, stated after deducting other offsetting interest (usually) receivable in the same period.
