Bruttoverð

Bruttoverð is an Icelandic term that translates to "gross price" or "gross value." It refers to the total price of a good or service before any deductions, discounts, taxes, or other charges are applied. This is in contrast to nettóverð, which is the net price after all such reductions have been made.

In financial contexts, bruttoverð is the initial valuation. For example, when a company reports its revenue, the bruttoverð represents the total sales generated. Similarly, in the context of purchasing goods, the bruttoverð would be the sticker price displayed by the seller. Understanding the distinction between bruttoverð and nettóverð is crucial for accurate financial calculations and for comprehending pricing structures in various transactions.

When discussing salaries, bruttoverð refers to the gross salary, which is the total amount earned before any taxes or social security contributions are deducted. The amount an employee actually receives in their bank account is the nettóverð, or net salary. Similarly, in real estate transactions, bruttoverð might refer to the total value of a property before any transaction costs or agent fees are accounted for. This concept is fundamental in Icelandic business and personal finance.