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