Net Worth

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Net Worth

The difference between total assets and liabilities; the sum total of the assets of an individual or business minus the total amount owed to creditors.

The net worth of a corporation is ordinarily determined by subtracting the liabilities from the assets, or by adding the capital account to the surplus account, as shown in the balance sheet of the company.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
THE Insurance Commission (IC) expressed hope on Friday that insurance companies in the country can meet the minimum net-worth requirement for this year, which is scheduled to increase to P900 million coming from P550 million in 2016.
Adjusting aggregate current-dollar net-worth figures for inflation only, aggregate household wealth at the end of the first quarter of 2013 had returned to 93.3 percent of its peak level, which was reached at the end of the second quarter of 2007.
The present study includes five tables on Top 100 Companies according to (1) Sales, (2) Net-Worth (3) Ratio of Pretax Profit to Net-Worth, (4) Break-up Value and (5) Earning per Share.
SBA opposes increasing net-worth limits for owners of 8(a) companies.
High net-worth individuals and business owners have more information about, and access to, more investment choices than ever before.
The average income tax and net-worth tests have been retained, with a significant increase to the amount of required net worth (formerly $622,000, as adjusted for inflation).
Accounting, auditing, tax planning for high net-worth clients and common interest realty associations--take your pick of the Education Foundation's October conferences.
The annual Corporation Franchise Tax is computed on a net-income or a net-worth basis, with the tax liability being whichever of the two computations produces the higher tax.
Where high net-worth investors are exclusively targeted, transaction costs will be reduced, if for no other reason than the ability of the high networth investor to persuade intermediaries (and sometimes professionals as well) to take less.
A net-worth statement is a "snapshot" of your current financial statement status.
Funa, he previously tasked a team to look into the net-worth capitalization system within the Asean as consequence of some lobbying from insurance companies proposing instead for a reduction in the required net worth of their respective businesses.
CPA Jeff Diercks of Tampa, Florida, established an MFO but ultimately found he preferred to do only a narrow part of this work--researching and managing hedge funds for high net-worth investors.