Definitions and Examples of debt, liability
Learn when and how to use these words with these examples!
An amount of money that is owed or due.
Example
He has a lot of debt from his student loans.
The state of being responsible for something, especially a financial obligation.
Example
The company's liabilities exceeded its assets, which led to bankruptcy.
Key Differences: debt vs liability
- 1Debt refers to a specific amount of money that is owed, while liability refers to the state of being responsible for something, including financial obligations.
- 2Debt can be incurred intentionally or unintentionally, while liability is usually the result of an obligation or responsibility.
Effective Usage of debt, liability
- 1Financial Planning: Use these antonyms to understand the different aspects of financial management.
- 2Business Communication: Incorporate these antonyms in business conversations to discuss financial obligations and responsibilities.
- 3Legal Terminology: Use liability in legal contexts to describe financial responsibilities or obligations.
Remember this!
The antonyms of fund are debt and liability. While debt refers to a specific amount of money that is owed, liability refers to the state of being responsible for something, including financial obligations. These antonyms can be used in financial planning, business communication, and legal terminology.