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LSDefine
Simple English definitions for legal terms
worth
Read a random definition: Negative Commerce Clause
A quick definition of worth:
Worth: The value of something, either in terms of money or how much it means to someone. It can also refer to how much money a person or entity has, which is called net worth.
A more thorough explanation:
Definition: Worth is the value of something, either in terms of money or emotional/sentimental value. It can also refer to the total wealth of a person or entity.
Examples:
- The worth of a car is determined by its market value.
- The worth of a family heirloom may be sentimental rather than monetary.
- Net worth is a measure of a person's total wealth, calculated by subtracting liabilities from assets.
The first example illustrates the monetary value aspect of worth, while the second example illustrates the emotional/sentimental value aspect. The third example shows how net worth is calculated and used as a measure of wealth.