The Opposite(Antonym) of “assets”
The antonyms of assets are liabilities and debts. Assets refer to valuable resources or properties that a person or organization owns, while liabilities and debts refer to financial obligations or responsibilities that one owes to others.
Explore all Antonyms of “assets”
- liabilities
- debts
Definitions and Examples of liabilities, debts
Learn when and how to use these words with these examples!
liabilities
A financial obligation or debt that a person or organization owes to others.
Example
The company's liabilities exceeded its assets, making it difficult to secure loans.
debts
An amount of money that a person or organization owes to others.
Example
He had to borrow money to pay off his debts and avoid bankruptcy.
Key Differences: liabilities vs debts
- 1Assets are resources or properties that a person or organization owns and can use to generate income or value.
- 2Liabilities and debts are financial obligations or responsibilities that one owes to others and can negatively impact one's financial situation.
Effective Usage of liabilities, debts
- 1Financial Planning: Use these antonyms to understand and manage your financial situation effectively.
- 2Business Management: Incorporate these antonyms in business planning and decision-making to ensure financial stability and growth.
- 3Legal Matters: Utilize these antonyms in legal contexts to understand and resolve financial disputes and obligations.
Remember this!
The antonyms of assets are liabilities and debts. While assets refer to valuable resources or properties that a person or organization owns, liabilities and debts refer to financial obligations or responsibilities that one owes to others. Use these antonyms to understand and manage your financial situation effectively, incorporate them in business planning and decision-making, and utilize them in legal contexts to resolve financial disputes and obligations.
