Depends on the system being discussed. For instance, in the U.S., residential power is split face using a center-tapped secondary and the center tap is the neutral. In a delta-wired three-phase installation, none of the terminals are the neutral. If it is wye-wired, the fourth terminal is the neutral. It's not the transformer that determines these things, it is how the transformer is used.So, the Neutral wire is actually one of the terminals of the secondary side of the step down transformer, right?