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The American Heritage Dictionary of Business Terms » effective net worth
effective net worth
effective net worth definition - business
effective net worth
The book value of assets less all liabilities other than subordinated debt. Effective net worth is a measure of the financial security enjoyed by senior creditors.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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