Definitions and Examples of credit, asset
Learn when and how to use these words with these examples!
The ability of a person or company to obtain goods or services before payment, based on the trust that payment will be made in the future.
Example
He was able to buy the car on credit and pay for it later.
Something valuable that a person or company owns, such as property, stocks, or equipment.
Example
The company's most valuable asset is its intellectual property.
Key Differences: credit vs asset
- 1Credit refers to the ability to obtain goods or services before payment, while indebtedness refers to owing money to someone else.
- 2Asset refers to something valuable that a person or company owns, while indebtedness refers to owing money to someone else.
Effective Usage of credit, asset
- 1Financial Planning: Use these antonyms to understand financial concepts and plan for the future.
- 2Business Communication: Incorporate these antonyms in business communication to convey financial information effectively.
- 3Investment: Use asset to identify valuable investments and credit to evaluate the ability of a borrower to repay a loan.
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Remember this!
The antonyms of indebtedness are credit and asset. Use credit to refer to the ability to obtain goods or services before payment, and asset to refer to something valuable that a person or company owns. These antonyms can be used in financial planning, business communication, and investment.
