LeoGlossary: Net Worth

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9 months ago - 1 minutes read

The difference between the value of one's assets as compared to the liabilities.

This is derived by adding up all assets such as real estate, stocks, bonds, cash, and any other assets that have market value. From this, the liabilities tied to debt are subtracted.

Whatever the number, that is one's net worth. If the liabilities exceed the assets, then that person has a negative net worth.


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