Definition for: Tangible Net Worth
"Net worth" is determined by total assets minus total liabilities. "Tangible net worth" takes the equation one step further by taking "net worth" and subtracting the value of intangible assets, i.e., assets that are not physical in nature, such as intellectual property (for example, patents, trademarks, copyrights, etc.), goodwill, and brand recognition, from the "net worth."
