Term of the Day

net worth

  1. For a companytotal assets minus total liabilities. Net worth is an important determinant of the value of a company, considering it is composed primarily of all the money that has been invested since itsinception, as well as the retained earnings for the duration of itsoperation. Net worth can be used to determine creditworthiness because it gives a snapshot of thecompany's investment...
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Usage Example
Angels are usually high net worth individuals that are looking to invest in companies for various reasons.
Term of the Day

money

Anything of value that serves as a (1) generally accepted medium offinancialexchange, (2) legal tender for repayment of debt, (3) standard of value, (4)unit of accounting measure, and (5) means to save or storepurchasing power. See also cash.
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Usage Example
They may be willing to loan you money or buy into an equity stake in your firm if they believe in the idea.
Notable Quotable
"Anyone who thinks there's safety in numbers hasn't looked at the stock market pages
-Irene Peter"