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DictionarySeewaterabove water
above water1. In possession of an asset that has more value than the price it was purchased for or any related debts. Property values in our neighborhood have gone up so much that we're above water on our house.2. Avoiding being consumed by a stressful or unpleasant situation (often related to work or finance). If credit cards are the only thing keeping you above water, then your situation is more dire than I thought.See also: above, water above water1. Being or holding an asset that is worth more than its purchase price or the debt owed on it.2. Making more than enough money to meet financial obligations.See also: above, waterLegalSeeWaterAbove Water
Above Water1. Describing a company that is maintaining operations with little or no financial difficulty. It is a somewhat informal term that is used especially when a company is doing neither poorly nor terribly well.
2. Describing a company's assets when their value exceeds their book value. The Generally Accepted Accounting Principles rarely allow the book value of an asset to change except in accordance with the rules of depreciation or appreciation. Thus, a book value may not state an asset's actual value. A company with above-water assets often attracts investors who have done a great deal of research into the value of its assets; these investors often stand to make a significant return on a comparatively small investment.AcronymsSeeartwork |