The Income/Outcome^® Contextuary

a visual glossary of corporate finance

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This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License.

We use "business visualization" to graphically simplify complex business concepts (and increase business acumen). To get more information on business visualization, please see "The Company Board" (our business results visualizer) and Income/Outcome (our customizable business simulation).

The following are our generic explanations of common corporate financial terminology. Actual meanings can vary wildly from company to company; in order to have the correct internal definition you need to ask your Finance Department, "What do you mean by that?"

To get more information about the authors, please see our Directory of Contributing Editors.

Net Asset

What do you mean by that? This term can describe wildly different situations; here are some possibilities.

1) Total Assets less non interest-bearing liabilities (i.e. Net Assets).
2) Total Assets less Current Liabilities.
3) Total Assets less Total Liabilities (i.e. Equity or Net Worth).

And all of these terms are different from Net Asset Value. Make sure you agree on the meaning!

Full it flag term list.

The Income/Outcome® Contextuary

a visual glossary of corporate finance

Net Asset

The Income/Outcome^® Contextuary