Definitions and Examples of debt, liability
Learn when and how to use these words with these examples!
A sum of money that is owed or due.
Example
He had to take out a loan to pay off his debt.
The state of being responsible for something, especially by law.
Example
The company faced a lawsuit due to its liability in the accident.
Key Differences: debt vs liability
- 1Debt refers to a sum of money that is owed or due, while patrimony refers to an inheritance or legacy.
- 2Liability refers to the state of being responsible for something, especially by law, while patrimony refers to an inherited estate or property.
Effective Usage of debt, liability
- 1Financial Planning: Use debt and liability to manage financial obligations and responsibilities.
- 2Legal Matters: Incorporate antonyms in legal discussions to clarify responsibilities and liabilities.
- 3Inheritance: Use patrimony to discuss inherited estates or properties.
Remember this!
The antonyms debt and liability refer to financial obligations or responsibilities, while patrimony refers to an inherited estate or property. Use these words to manage financial planning, clarify legal responsibilities, and discuss inheritance.