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- DictionaryNet 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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For individuals, net worth or wealth refers to an individual's net economic position: the value of the individual's assets minus liabilities. Examples of assets that an individual would factor into their net worth are retirement accounts, other investments, home(s), and vehicles.
Dec 27, 2023 · Net worth is the total value of your financial assets minus your liabilities, or debts. Assets: Assets are what you own, including cash in bank accounts, savings, and retirement accounts. It...
the value of the assets (= property and money) that a person or business has, after any debts are taken away: He has a net worth of about £70 million. The firm specializes in advising high net worth individuals. SMART Vocabulary: related words and phrases. Costs & expenses. admission charge. airfare. aliment. all in. at cost.
Net worth is the value of a person or company and can be computed by deducting the total liabilities from the total assets that are owned by the individual/company. Net worth can be computed using the following formula: Net Worth = Assets – Liabilities.
the value of the assets (= property and money) that a person or business has, after any debts are taken away: He has a net worth of about $70 million. The firm specializes in advising high net worth individuals. SMART Vocabulary: related words and phrases. Costs & expenses. admission charge. airfare. aliment. all in. at cost.
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Sep 29, 2020 · Net worth refers to the total value of an individual or company expressed as total assets less total liabilities. How Does Net Worth Work? The net worth of an individual is simply calculated as total assets (e.g. home equity and portfolio value) less total debt (e.g. mortgage, credit card debt, auto loans, and educational loans).
Nov 21, 2023 · What is net worth? In general, your net worth is your personal balance sheet. It’s a way for you to get a snapshot of where your finances stand right now. Basically, it’s a measure of what...
