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
A liability is an amount of money that one owes, a debt. It also means a person or thing that causes trouble or puts one at a disadvantage. Its antonym is asset.
Example: The company's liabilities were greater than its income.
| Word | Meaning | Example |
|---|---|---|
| (1) Money | coins and notes used to buy things (it can be owned or owed, so it is not the opposite of liability) | He saved money for a new bicycle. |
| (2) Property | a thing or things that a person owns, such as land or a building (property is one kind of asset, but the general opposite of liability is asset) | The farmer divided his property between his two sons. |
| (3) Asset (answer) | something valuable that a person or company owns, or a person or quality that is useful (a liability is what one owes or what holds one back, while an asset is what one owns or what helps) | Her calm nature is a great asset to the team. |
| (4) Debt | money that one owes (a synonym of liability) | He took two years to clear his debt. |