assets and liabilities
Wealth and debts
Assets and liabilities is a phrase from accounting that together describe an entity's financial position.
Assets are what you own or are owed—cash, property, investments, receivables.
Liabilities are what you owe others—debts, loans, obligations.
The difference between them is net worth or equity.
Beyond finance, the phrase extends to any evaluation of strengths versus weaknesses: Let's consider the assets and liabilities of this approach before deciding.
- fair valueReasonable exchange price
- balance sheetAssets-liabilities-equity report
- risk managementIdentifying and minimizing threats
- liquidityConvertibility to cash
- market valueCurrent trading price
financial stability · intrinsic value · depreciation · accruals · replacement cost · salvage value · weaknesses · amortization · strengths · leverage · accounts receivable · accounts payable · working capital · economic growth · fiscal policy · monetary policy · wealth distribution · corporate governance
assets and liabilitiesnet worth
Assets less debts
net assets · equity · book value · bottom line · capital
assets and liabilitiesgoodwill
Kindly, generous spirit
intangibles · human capital · brand value · intellectual property · reputation
assets and liabilitiesprofit and loss
Net financial results
cash flow · earnings · income statement · profitability · return on investment