net worth
net worth
English Definitions:
net worth (Noun)
The total assets minus total liabilities of an individual or a company.
Net worth
In business, net worth is the total assets minus total outside liabilities of an individual or a company. For a company, this is called shareholders' preference and may be referred to as book value. Net worth is stated as at a particular year in time. In the case of an individual, the term estate is used in relation to deceased individuals in probate. For businesses, the term is used in the context of fraudulent law and on the dissolution of the company. In personal finance, net worth refers to an individual's net economic position; similarly, it uses the value of all assets minus the value of all liabilities. Net worth in business is generally based on the value of all assets and liabilities at the carrying value which is the value as expressed on the financial statements. To the extent items on the balance sheet do not express their true value, the net worth will also be inaccurate. Net worth in this formulation is not an expression of the market value of the firm: the firm may be worth more if sold as a going concern. On reading the balance sheet, if the accumulated losses exceed the shareholder's equity, it is a negative value for net worth.
Net worth
Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities. Financial assets minus outstanding liabilities equal net financial assets, so net worth can be expressed as the sum of non-financial assets and net financial assets. This concept can apply to companies, individuals, governments, or economic sectors such as the financial corporations sector, or even entire countries.
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"net worth." Kamus.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.kamus.net/english/net+worth>.
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