4 ms·
More of an accounting/finance thing, similar to how net price is price excluding tax, net wealth is wealth (assets) excluding debt (loans/liabilities).
by gozo 11y ago
More of an accounting/finance thing, similar to how net price is price excluding tax, net wealth is wealth (assets) excluding debt (loans/liabilities).
- mikeash 11y agoI'm not sure if that helps, because here in the US "price" is by default listed before taxes! I would read "net price is price excluding tax" as "net price is price, ignoring taxes," and thus "net wealth is wealth, ignoring debt."