From the given options, select the OPPOSITE in meaning to the given word:
"Liability"
Answer & explanation
Correct answer: option 3
The correct answer is: Option (3) → Asset
Liability refers to something that a person or business owes – a financial obligation or burden. Asset is the opposite, meaning something of value or benefit that a person or business owns.
Option (1) Money is a medium of exchange and can be either an asset or used to settle a liability – not an opposite.
Option (2) Property refers to ownership of physical or intangible items, usually considered an asset – not a direct antonym.
Option (4) Debt is a synonym of liability, as both refer to something owed.