Dictionary : Gross Margin
1) A company's total sales revenue minus its cost of goods sold.
2) A company's total sales revenue minus cost of goods sold, divided by the total sales revenue, expressed as a percentage.
3) In the case of an adjustable-rate mortgage, the interest rate (expressed as a percentage) that is added on to the base index rate in order to establish the actual interest rate the borrower will pay on the loan.
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