Which term describes the value within a business calculated as assets minus liabilities?

The term that describes the value within a business calculated as assets minus liabilities is "Equity." Equity represents the ownership value in the business, which is what the owners own after all debts and obligations have been paid. It is a crucial figure for understanding the financial health of a company, as it indicates the net assets available to shareholders.

While terms like "Net Worth" and "Book Value" are sometimes used in similar contexts, they do not capture the full essence of what "Equity" represents in a business environment. "Net Worth" often refers to personal finances, and "Book Value" typically relates to an accounting perspective of a company’s assets as recorded on the balance sheet, which may not include all intangible assets or reflect market value. "Capital," on the other hand, can refer to the funds that are used for business operations or investments, but it does not specifically indicate the remaining value after liabilities are subtracted from assets. Therefore, "Equity" is the most appropriate term for this context as it directly aligns with the formula and concept of ownership value in a business.