Net proceeds definition
/What are Net Proceeds?
Net proceeds is the amount of funds received from a sale transaction, after all sale-related fees have been paid. Examples of these fees are closing costs, commissions, and credit card fees. These fees do not include the cost of the asset that was sold.
Example of Net Proceeds
An artist sells a painting through an art gallery for $10,000. The gallery takes a 40% commission, so the net proceeds for the artist amounts to $6,000.