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Balance Sheet
A financial statement at a given point in time that shows assets on one side and liabilities and net worth on the other side; because assets must equal liabilities plus net worth, the two sides of the statement must be in balance.
Net Worth
The total assets minus total external liabilities of an individual or a company, indicating their overall financial position.
Liabilities
Financial obligations or debts owed by a company or individual to others, which must be settled over time through the transfer of economic benefits.
Non-Interest-Bearing Reserve Deposits
Bank reserves held in a central bank that do not earn any interest for the commercial bank.
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