personal finance

net worth

The total value of everything you own (assets) minus everything you owe (liabilities).

Example

"Her net worth was $500,000: $700,000 in assets minus $200,000 in debts."

💡 Memory Tip

NET catches what's left after everything. NET worth = what's left after subtracting debts.

Etymology

Net (remaining after deductions) + worth (value) — what you're worth after subtracting debts.

Common Misspellings

networthnet wrothnet worhtnet woth

Related Terms

equitybalance sheet

See Also

assetsliabilities

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