<p>Gross is the amount you start with, it has no deductions or anything taken from it.</p>
<p>Net is the amount you end up with in your hand after everything has been taken out.</p>
<p>So for income, in terms of salary for example, your gross might be $1,000</p>
<p>After they take taxes, medical, christmas club, life insurance, pension, etc out, you end up with a NET of $582.23</p>
<p>Stocks/investments/crypto can also have taxes taken from them, broker fees, etc. The same terminology applies</p>
<p>Your Steem has a GROSS value of $1,000 but after you cash out into USD you only receive NET $854.45 for example.</p>
<p>Personally I always thought the terms were backwards.</p>
<p>It's always GROSS how little I end up with and I need a NET to keep as much of the original value as possible.</p>
<p>But hey, I'm a strange one</p>