Net Worth 2


Definition of "Net worth"

Total assets minus liabilities. It is used by underwriters to evaluate the financial standing of applicants for surety bonds.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Lloyd's Of London

Insurance facility composed of many different syndicates, each specializing in a particular risk; for example, hull risks. Lloyd's provides coverage f ...

Claim Against Employers Net Worth

Claim by the pension benefit guaranty corporation (PBGC) against an employer for reimbursement of the PBGC's loss (for a terminated plan) up to 30% of ...

Inheritance Tax

State tax based on the value of property received through inheritance. The tax is paid by the recipient not the estate. Tax paid to the government or ...

Personal Financial Statement

Document showing the financial health of an individual that may be requested for a loan application to buy real estate. A Statement of Financial Condi ...

Credit Rating

Rating used by lenders and creditors to determine if a credit applicant should be granted credit. It depends on many factors such the applicant's job ...

Long-term Capital Goals Or Objectives

Capital appreciation financial goals set by a company or an individual over an extended period of time. Long-term capital goals establish a method for ...

Popular Real Estate FAQ

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What Must I Disclose When Selling My Home? LISTINGS 101: What You Need To Know When You Hire a Real Estate Agent or a Broker 5 signs of house foundation problems 4 Effective Ways to Market Real Estate to Millennials How Does The Home Loan Underwriting Process Work?

FAQ

What is a Good Faith Estimate? What do I need to know about Business Insurance? What is a broker? What is an escrow officer? What is a REALTOR®?