Net Worth
/ˌnet ˈwɜrθ/
Definitions
- (n.) The total value of an individual's or entity's assets minus liabilities, representing financial position.
The court evaluated the defendant's net worth to determine damages.
Forms
- net worth
Related terms
See also
Commentary
Net worth is crucial in insolvency, divorce settlements, and financial disclosures, reflecting true economic standing.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.