Debt comes in many forms like mortgages, student loans, credit cards and national debt. It can be advantageous or detrimental to personal, corporate or national finances. Some try to evade debt at all ...

A liability is a financial obligation or debt owed. Liabilities are key elements on every company’s balance sheet, and therefore, important to stock and bond investors. Learn more. In finance and ...

Asset management is an integral part of accounting basics that deals with the monitoring and maintenance of valuable items owned by an individual or an entity. Assets contribute significantly to the ...

Asset retirement obligations are legal requirements for retiring long-term physical assets. They are listed as long-term liabilities, revealing a company's future financial burdens. Understanding ...