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Net
(redirected from net worth statement)

   Also found in: Dictionary/thesaurus, Medical, Financial, Encyclopedia, Wikipedia, Hutchinson 0.04 sec.

The sum that remains following all permissible deductions, including charges, expenses, discounts, commissions, or taxes.

Net assets, for example, are what remain after an individual subtracts the amount owed to creditors from his or her assets. Net pay is the salary an individual actually receives after deductions such as Income Tax and Social Security payments.


net n., adj. the amount of money or value remaining after all costs, losses, taxes, depreciation of value, and other expenses and deductions have been paid and/or subtracted. Thus the term is used in net profit, net income, net loss, net worth, or net estate.


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? References in periodicals archive
Anyone seeking to reach a financial goal should start with a net worth statement that provides an inventory of all assets you own and liabilities you owe.
Personal net worth statement (including personal property values, investments, cash, bank loans, charge accounts, mortgages, other liabilities.
Different conclusions have been reached about other accounting work, such as an examination of books, journals or a net worth statement related to the rendering of legal services.
 
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