Common use of Personal Net Worth Clause in Contracts

Personal Net Worth. the net value of the assets of an individual remaining after total liabilities are deducted. An individual's personal net worth does not include: The individual's ownership interest in an applicant or participating DBE firm or the individual's equity in his or her primary place of residence. An individual's personal net worth includes only his or her own share of assets held jointly or as community property with the individual's spouse. Primary Airport - a commercial service airport, which is determined by the Secretary to have more than 10,000 passengers enplaned annually.

Personal Net Worth. the The net value values of the assets of an individual remaining after total liabilities are deducted. An individual's ’s personal net worth does not include: The individual's ’s ownership interest in an applicant or participating DBE firm firm; or the individual's ’s equity in his or her primary place of residence. An individual's ’s personal net worth includes only his or her own share of assets held jointly or as community property with the individual's ’s spouse. Primary Airport - a commercial service airport, which is determined by the Secretary to have more than 10,000 passengers enplaned annually.