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Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities. [ 1] Financial assets minus outstanding liabilities equal net financial assets, so net worth can be expressed as the sum of non-financial assets and net financial assets.
A net (sometimes written nett) value is the resultant amount after accounting for the sum or difference of two or more variables. In economics, it is frequently used to imply the remaining value after accounting for a specific, commonly understood deduction. In these cases it is contrasted with the term gross, which refers to the pre-deduction ...
Wealth. Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word weal, which is from an Indo-European word stem. [1] The modern concept of wealth is of significance in all areas of ...
A household’s net worth nearly doubles for each level of educational attainment. Among the most common households, those with a high school degree and those with a four-year bachelor’s degree ...
Alamy April is Financial Literacy Month, and our goal is to help you raise your money IQ. In this series, we'll tackle key economic concepts -- ones that affect your everyday finances and ...
The economics term cost, also known as economic cost or opportunity cost, refers to the potential gain that is lost by foregoing one opportunity in order to take advantage of another. The lost potential gain is the cost of the opportunity that is accepted. Sometimes this cost is explicit: for example, if a firm pays $100 for a machine, its cost ...
As you assess your short- and long-term financial goals, it may be helpful to compare the value of your assets to that of your liabilities. That's where net worth comes in; this value can ...
Jobsworth. A jobsworth is a person who uses the (typically small) authority of their job in a deliberately uncooperative way, or who seemingly delights in acting in an obstructive or unhelpful manner. It characterises one who upholds petty rules even at the expense of effectiveness or efficiency. Related concepts include malicious compliance ...