NET WORTH AND LIQUID NET WORTH. The Firm defines Net Worth as Assets minus Liabilities (excluding primary residence and any mortgage or other loan on the primary residence). The Firm defines Liquid Net Worth as that portion of Net Worth that is comprised of cash and cash equivalents, which includes marketable securities, treasury bills, bank deposits and any other asset readily convertible into cash within 3 business days of liquidation.
Appears in 5 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
