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Net Proceeds
Posted 01 September, 2009 by Catherine Angel Figueroa from Mathura in Indiathis is the most informative site, Priestess! I came into a term that i can't make out: what does Net Proceeds mean?Lucky Priestess Answers:Thanks for your vote of confidence, Catherine. Net Proceeds is the amount remaining after a licensee has deducted all approved expenses related to the management and conduct of a licensed lottery event from the gross receipts for the event. The licensee must use the net proceeds for the charitable objects and purposes approved by the licensing authority.Go to
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Double Down?
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