Net worth
The value of everything a person or business owns after deducting what they owe. It is often central to realistic settlement discussions.
Related terms
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Net assets
The value remaining after total liabilities are deducted from total assets.
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Equity
The value left in an asset after deducting secured borrowing or other charges against it. With property, it is broadly the property value minus secured mortgage debt.
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Liabilities
Amounts a person or business owes or may be required to pay, including loans, taxes, trade debts, guarantees and other obligations.
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