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.
