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# Definition of Net Worth

Net worth is the difference between your assets and debt. So, your net worth is found by taking the value of everything you owe away from the value of everything you own.

Another term for net worth is "wealth". A person's assets may include their property, cash, shares and debentures.

For example, if Al owns a car worth $\23,000$, a house worth $\400,000$, has $\2,500$ in his bank account and owes Sam $\500$, then Al's net worth is equal to

$\23,000 + \400,000 + \2,500 - \500 = \425,000$.

### Description

The aim of this dictionary is to provide definitions to common mathematical terms. Students learn a new math skill every week at school, sometimes just before they start a new skill, if they want to look at what a specific term means, this is where this dictionary will become handy and a go-to guide for a student.

### Audience

Year 1 to Year 12 students

### Learning Objectives

Learn common math terms starting with letter N

Author: Subject Coach
Added on: 6th Feb 2018

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