Net Worth
Financial glossary definition
Definition
The total value of everything you own (assets) minus everything you owe (liabilities). Net worth is the single most comprehensive measure of your overall financial health.
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Related Terms
Asset
Anything of monetary value that you own, including cash, investments, real estate, vehicles, and per…
Equity
The portion of an asset that you truly own — the difference between its market value and any outstan…
Liability
Any financial obligation or debt you owe, including mortgages, car loans, student loans, credit card…
Liquid Assets
Assets that can be quickly and easily converted to cash without significant loss of value. Examples …
Nominal Return
The raw percentage return on an investment before adjusting for inflation. A 10% nominal return with…