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Abolade Akinfenwa
Mar 17, 2020, 7:52 PM
Jun 2, 2020, 8:22 PM
Often times than not I come across people who do not know the correct meaning of these three fundamental financial terms; asset, liability and security. Due to this lack of knowledge, most people tend to make wrong financial decisions by purchasing liabilities thinking they are assets.
This write-up aims at explaining the fundamental differences between an ASSET, a LIABILITY and a SECURITY as simply as possible.
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