What is wherewithal?

Wherewithal refers to the financial resources or means that are available to someone to accomplish a particular goal or objective. This can include assets, savings, investments, income, and creditworthiness. Having adequate wherewithal is essential for businesses to operate successfully, individuals to meet their financial obligations, and governments to fund public projects. The term is often used in legal and financial contexts, such as when determining if a party has the wherewithal to pay a settlement or judgment. It is also commonly used in everyday language to refer to someone's ability to afford something.