Financial Status

Millionaire
A millionaire is an individual whose net worth exceeds $1 million, typically calculated by totaling their assets and subtracting liabilities. This status often signifies significant financial achievement and can be attained through various means such as inheritance, business success, investments, or a combination of these.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.