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Law school is a lot like juggling. With chainsaws. While on a unicycle.
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Legal Definitions - net assets
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Definition of net assets
Definition: Net assets refer to the total value of an individual or entity's assets minus their liabilities. It is a measure of one's wealth.
Example: If an individual has $100,000 in assets (such as property, investments, and cash) and $50,000 in liabilities (such as mortgages and loans), their net assets would be $50,000.
This example illustrates how net assets are calculated by subtracting liabilities from assets to determine an individual or entity's overall wealth.
Every accomplishment starts with the decision to try.
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Simple Definition
Net assets refer to the total value of a person or entity's possessions, after subtracting any debts or liabilities they may have. It is a measure of how much wealth someone has. Think of it like a piggy bank - if you add up all the money you have in it and subtract any money you owe to someone else, the amount left over is your net assets.
The life of the law has not been logic; it has been experience.
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