Gross amount refers to the total amount of something before any deductions are made for costs, taxes, or losses. For instance, gross revenues do not take into consideration factors such as taxes, depreciation, and other costs.
To convert a net amount into its equivalent gross amount. For example, an amount payable net of 17.5% value added tax would be grossed up to the amount payable including 17.5% value added tax, i.e. by multiplying the net amount by 1.175.
