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    Net worth

    noun

    • 1. the total wealth of an individual, company, or household, taking account of all financial assets and liabilities: "with a net worth of $150 million, he is among the richest golfers in the sport today"

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  3. Jun 29, 2022 · Net worth is the difference between the assets and liabilities of a person or business. The concept is defined somewhat differently, depending upon whether the term applies to a business or an individual.

  4. Legal Definition of net worth. : the excess of the value of assets over liabilities : net assets at asset 2.

  5. May 03, 2021 · Net worth definition Net worth is a dollar amount representing the total value of everything you own (your assets) after you’ve subtracted everything you owe (your liabilities). Knowing this number can help you assess your finances at a glance. Net worth can be either positive or negative.

  6. Net Worth An individual or company's assets minus liabilities, in which assets exceed liabilities. For example, if a company has $3 million in assets and $1 million in debt and other liabilities, it has a net worth of $2 million. The term may apply to companies or individuals, but is often used colloquially to refer to wealthy individuals.

  7. Net worth - means total assets minus total liabilities and is equivalent to owner's equity. More Definitions of Net Worth Net Worth means, with respect to any Person , the excess of total assets of such Person, over total liabilities of such Person, determined in accordance with GAAP .

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