Business, Legal & Accounting Glossary
An individual with a high net worth consisting mainly of securities and other financial holdings that have been bid up to unusual price levels. While the value of these holdings is technically part of the individual’s net worth, the money cannot be considered “in the bank” unless the holdings are successfully sold while high prices are in effect.
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This glossary post was last updated: 20th November, 2021 | 0 Views.