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Your talking about assets and liabilities. All debt is a liability but most liabilities are not debt. Owning a dog is a liability, not a debt.
by jahewson 7y ago
Your talking about assets and liabilities. All debt is a liability but most liabilities are not debt. Owning a dog is a liability, not a debt.
- SkyBelow 7y agoThen should we talk about technical liability and compare it to financial liability? Maybe that would be a closer comparison than using debt in both cases.