One of the mysteries of the English language finally explained.
The value (of a business, etc.) after all liabilities have been deducted from the true market value, as opposed to the book value, of the assets; (now frequently) the total wealth of an individual, taking account of all financial assets and liabilities (especially debts).
1930s; earliest use found in The Economist.
In this article we explore how to impress employers with a spot-on CV.