answersLogoWhite

0

Typically Net Worth is used regarding individuals. It is the difference between all of our assets and all of your liabilities. All of you assets is truly everything - cars, house, cash, savings, collections, home furnishings, jewelry etc. And accordingly Liabilities also means everything - mortgages on homes, loans on boats, rv's and cars, credit cards, unpaid utilities, etc. A statement of Net Worth is typically prepared / presented when apllying for a loan or in financial planning.

User Avatar

Wiki User

17y ago

What else can I help you with?

Related Questions

What is meant by the term net in a math question?

A net is an unfolded 3D geometrical shape


What is the term given for total assets less total liabilities?

That would be your net assets or net worth.


What is meant by net working capital?

The phrase "net working capital" is a financial term which means the available liquid assets at a company's disposal. The term is sometimes just referred to as "working capital" or WC.


Net worth?

Net worth


What is George W. Bush's net worth?

It is estimated that former President George H.W. Bush's net worth is about $25 million. He served one term as president and two as vice president.


What is the origin of the term 'to surf the web what is the origin of the term to surf the net?

I would assume that the term migrated from the term "Channel Surfing", in reference to wandering through television channels. The origin of the computer term to surf the net from what i can work out comes from the term the internet as a net is cast to catch websites which have been placed on the internet and nets are usually meant to be cast in water so it seems logical that this is where the term derives from .


What is George H. W. Bush's net worth?

It is estimated that former President George H.W. Bush's net worth is about $25 million. He served one term as president and two as vice president.


What is 50cent's net worth?

his net worth is 0.50


What is Carla's net worth She has assets worth 25673.29 and an indebtedness of 8 672.45?

Net worth = total assets - total liabilities net worth = 25673.29 - 8672.45 net worth = 17000.84


Can liquid net worth exceed net worth?

No because your liquid assets are part of your total net worth.


What is Net worth for jaslene gonzalez?

She has a net worth of $7,000,000.


What is Jiroca's net worth?

Net Worth: $1,5 Million