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Asset: An item with ($) economic value.
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Liability: An obligation to pay a debt/bill.
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Net worth: The part of something that you own.
Value
$30,300
Value
$500
Value
$210,000
Bank owns 75%
Bank owns 10%
Bank owns 25%
I own 75%
I own 75%
I own 25%
$157,500
$22,725
$52,500
$7575
$50
$375
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