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Liability: An obligation to pay a debt/bill.
Asset: A source with ($) economic value.
Net Worth: The part of something that you own.
Bank owns 75%
$214,499.25
Value $285,999
I own 25%
$71,499.75
Bank Owns 25%
I own 75%
$29,362.50
$9,787.50
Value $39,150
Bank owns 10%
$59.79
I own 90%
$538.19
A-L=NW (Equity)
Value $597.99
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