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Finance Dictionary and Glossary of Investment Terms
Total invoice value of sales, before deducting for customer discounts, allowances, or returns.
Overall sales without being adjusted for discounts or returns.
Total sales without making allowance for returns, discounts and shipping expenses. This can differ substantially from net sales. In book publishing, for instance, booksellers return an enormous proportion of the books shipped to them.
Total sales calculated by summing all sales at invoice values, neglecting any adjustments such as customer discounts or returns.