Nebraska Statutes 44-32,109. Net worth, defined
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Net worth shall mean the excess of total admitted assets over total liabilities. Liabilities shall not include fully subordinated debt.
Terms Used In Nebraska Statutes 44-32,109
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Net worth: shall mean the excess of total admitted assets over total liabilities. See Nebraska Statutes 44-32,109