Examlex
When we look closely at the reactions of people to the same situation, we see
Owner's Equity
The total value of assets owned by the proprietorship after all debts and liabilities have been settled; essentially the net worth of a company.
Liabilities
Financial obligations or debts owed by a business to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.
Assets
Assets are possessions or property that a company owns or controls, anticipated to yield benefits in the future.
Claims
Demands for payment or entitlements to compensation for loss, damage, or injury; often encountered in insurance and legal contexts.
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