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LSDefine

Simple English definitions for legal terms

net worth

Read a random definition: FSBO

A quick definition of net worth:

Net worth: The amount of money and valuable things a person or company has after subtracting what they owe to others. It's like counting all the money you have in your piggy bank and taking away any money you owe to your friends or family. This tells you how much you really have.

A more thorough explanation:

Definition: Net worth is a measure of one's wealth, usually calculated as the excess of total assets over total liabilities.

Examples:

  • If you own a house worth $500,000 and have $200,000 in savings, but also have a mortgage of $300,000 and credit card debt of $10,000, your net worth would be $390,000 ($500,000 + $200,000 - $300,000 - $10,000).
  • A company's net worth is calculated by subtracting its total liabilities (such as loans and debts) from its total assets (such as property, equipment, and cash).

These examples illustrate how net worth is calculated by subtracting what you owe (liabilities) from what you own (assets). The resulting number represents your overall financial worth or wealth.

net valuation premium | net-worth method

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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