net worth statement
Personal balance sheet
A net worth statement is a financial document listing everything you own (assets) and everything you owe (liabilities), with the difference being your net worth.
Banks often require one when you apply for a loan: The lender asked for a net worth statement before approving the mortgage.
Also called a personal balance sheet.
- balance sheetAssets-liabilities-equity report
- assetsOwned items of value
- liabilitiesAmounts owed to others
- equityImpartial treatment or ownership value
- wealthAbundance of valuable resources
personal finance · big picture · accountant · spreadsheet · valuation · portfolio · debts · property · investments · savings · liquid · rainy day fund · money in the bank · checking account · appraisal · disclosure · credit score · mortgage
net worth statementincome statement
Periodic profit-loss report
profit and loss statement · cash flow statement · earnings statement · earnings report · expense report
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