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LSDefine

Simple English definitions for legal terms

net worth

Read a random definition: surreptitious-entry search warrant

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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15:06
tht sounds so fun omg
15:07
i need a hobby when ppl ask u guys what u do for fun do u know what to say like
15:08
i enjoy watchig reels
I do enjoy watercolor painting, but I believe language used on my resume was "Watercolor painting, reading general fiction novels, digital architecture and interior design, travel"
i knit, read, do solidcore, sew, bike, and im in a mahjong league
15:17
i like to bake cookies, go in the woods, race, shoplift, and get drunk once a week
if you say you read no one will question you bc most people don’t read these days
i read but yeah its fourth wing sue me
@legallybrunettelily: is it any good? i haven't read fantasy in years bc booktok irks me
i think its is amazing nd i hate 90% of booktok
they get worse over time though
like the first two are good
sold ty i was thinking of reading more fantasy today while driving to work
i, shamelessly, was a very big fan of pretty much everything Sarah J. Maas for years and years, but that was so polluted by booktok that it makes me cringe. very fun read for young me tho
Mostlylegal
15:45
notre dame straightup a figment of my imagination
me w luc
eggan
15:47
i waited berk for 5 months and then WL :(
eggan
15:47
im stil salty
Mostlylegal
15:48
ugh
Mostlylegal
15:48
im on three months rn
im on four
Mostlylegal
15:49
i think i will never hear back from vandy atp
and i have a seat deposit due on the 7th
Mostlylegal
15:49
that or a WL augst 28th
hobbies: gossiping w my gbf, coffee, & being a brat lol
Mostlylegal
15:50
drinking coffee is a hobby?
you could totally spin coffee drinking into a hobby. i know there are straightup barista competitions
globalcitizen
15:52
libtards should relax about the teslas, its a pretty good car if you live in the city
globalcitizen
15:53
the cybertruck looks kinda cool
apropos of nothing
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