A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related MoneyPedia terms
- EstateEverything you own at death, including money, property, and belongings, minus what you owe.
- Estate PlanningArranging in advance how your assets will be managed and passed on, using tools like wills and beneficiary designations.
- TrustA legal arrangement where someone manages assets on behalf of others, often used to pass on wealth with more control.
- Net WorthWhat you own minus what you owe — the clearest scorecard of your financial progress.
- Human CapitalThe value of your skills, knowledge, and earning ability, which you can grow through education and experience.
- Compound InterestInterest that earns interest — the engine behind long-term growth.
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Plain-English education — not personalized legal, tax, or investment advice.