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Tags: accounting, business
Categories: Economics & Finance
The amount by which assets exceed liabilities. This term can be applied to companies and individuals.
For a company can be used to determine creditworthiness because it gives a snapshot of the company’s investment history; also called owner’s equity, shareholders’ equity, or net assets.
For an individual, the amount by which the individual’s assets exceed their liabilities is considered the net worth of that person.
(source: http://www.investorwords.com/3267/net_worth.html)
(source: http://www.investopedia.com/terms/n/networth.asp#axzz24vO2W9qL investorwords/ investorpedia)
