Definition
Net worth is the total value of an individual’s or company’s assets (everything owned that’s of monetary value, such as cash, investments, property, and personal belongings), minus their liabilities (debts and financial obligations, such as loans, mortgages, and credit card balances).
Net worth formula:
Net worth provides a snapshot of financial health at a specific point in time.
We acknowledge and thank the FMA, Dr Karena Kelly and Brook Taurua Grant, the RBNZ and the Māori Dictionary for their research which helped us with te Reo Māori kupu for this glossary.
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