birds eye view of a shipping container and all the freight

Asset Definition

Asset definition: What is an Asset? An asset is any resource that a corporation or individual either owns or has the right to which provides current or future value. Such as owning a vehicle or having cash on hand but also may be a quality such as someone’s personality/skill. An Asset has several definitions based …

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A stack of gold and silver coins with a clock in the background.

Liability Definition

A Liability is the obligation of a Company or Entity to repay a Debt or Expense due to current or past operations of the company. To make that simple, A Liability is the obligation of a company to repay a debt.