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Balance Sheet

Last Updated: November 14, 2006 | Related resource areas: Personal Finance

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A financial "snapshot." It's an overview of individual/family financial condition at a given time. Also known as a statement of financial position or position statement, it summarizes the assets and liabilities of a family or business entity at a certain time.


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Financial Security: Financial Planning Process, Financial Security: Home Ownership, Financial Security: Saving and Investing, glossary

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