A rate quoted by an insurer to a broker, which makes no allowance for commission. The broker charges his client a fee.

In extended warranty insurance, absolute net rates are frequently quoted.

After deducting all reinsurance recoveries, the amount of a loss that the reinsured retains net for its own account. A reinsurer may compel the reinsured to keep a minimum amount so that subsequent reinsurance purchases do not leave the reinsured with a purely nominal interest.