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Glossary

Net Worth

Net worth is the total assets of a company or an individual minus the total liabilities of that company or individual. For example, if your assets, such as property that you own, add up to $150,000, and your liabilities, or what you owe, total $100,000, your net worth is $50,000. Your net worth is assessed by potential lenders to determine how much to lend you.

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