What is another word for assets and liabilities?

Pronunciation: [ˈasɛts and lˌa͡ɪəbˈɪlɪtiz] (IPA)

Assets and liabilities are common terms used in finance and accounting. Assets are the resources a company has access to, while liabilities are the obligations that a company owes to others. In order to clearly communicate financial information, it is important that both terms are clearly defined. Possible synonyms for assets could include resources, possessions, or investments, while possible synonyms for liabilities could include debts, obligations, or responsibilities. It is important to note that while some words may be similar in meaning, they may not carry the same legal or financial implications, so it is important to use the correct terminology in any financial or accounting context.

What are the hypernyms for Assets and liabilities?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Assets and liabilities

  • Technocracy originated in the winter of 1918-19 when Howard Scott formed a group of scientists, engineers, and economists that became known as the Technical Alliance--a research organization. Howard Scott was chief engineer of this group. The Alliance lasted about fourteen years. Its membership embraced many of America's top scientists and engineers, including such personalities as: Frederick Ackerman, architect; Leland Olds, statistician; Thorstein Veblen, economist; L. K. Comstock, electrical engineer, and Charles Steinmetz. It conducted what became known as the famous 'Energy Survey of North America.' Out of the survey, and under the guiding genius of Howard Scott, there emerged a completely new way of looking at life and human affairs. The social assets and liabilities (in a physical sense) of North America were laid bare for the first time. The social trends and tendencies were analyzed scientifically and for the first time in history a continental area (North America) had a glimpse of its future, or at least of the broad alternatives.
    Howard Scott

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