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LSDefine

Simple English definitions for legal terms

net worth

Read a random definition: scutage

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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im ready to cook senior year and then hopefully move to Malibu :)
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slay
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yo yall bouttta miss the washu zoom
NosyBeagle
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im not applying there. yall have fun
Mostlylegal
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dude we getting litty in the washu zoom
Mostlylegal
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thats where all the baddies hangout
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just did coke off this one girls tits at the washu zoom, i cant believe people didnt sign up for this shit LMAO
did you hook up with the girl at your gulc interview
Mostlylegal
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bruh I dont do hookups
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16:43
but thanks for remembering
oh but coke is okay
Mostlylegal
16:56
it is not what goes into the mouth that defiles the man but what comes out of it.
Mostlylegal
16:56
can I get an amen?
NosyBeagle
17:01
AMEN
18:22
yall r some interesting folks in here
18:23
we gonna run some tests on u lot
18:37
ALRIGHT MAN
@slimelaw: who is "we?" Weirdo
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@Mostlylegal: top > else
slimelaw
20:26
@PremiumFrequentCrane: me and you
ronniedoeslaw
23:31
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ronniedoeslaw
23:32
Is it worth moving to Florida for law school?
I’d only do it for uf
ronniedoeslaw
0:36
That’s a good point
BlueFalcon95
1:16
@ronniedoeslaw: Dude, I was drinking wine at my favorite place and I saw that. Ball went up from the rim and then down. Went to OT and the Pacers came back. Insane.
BlueFalcon95
1:17
I nornally don't watch basketball but it was a cool af moment.
BlueFalcon95
1:17
normally*
BlueFalcon95
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what tier is an mba
+ my undergrad and masters dont have a numerical gpa (international), will that hurt/help me? tyyy
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