net worth
A measure of one’s wealth, usu. calculated as the excess of total assets over total liabilities. — Also termed net assets. [Cases: Internal Revenue 4530. C.J.S. Internal Revenue §§ 645, 872.]
A measure of one’s wealth, usu. calculated as the excess of total assets over total liabilities. — Also termed net assets. [Cases: Internal Revenue 4530. C.J.S. Internal Revenue §§ 645, 872.]