Another word for debt is _______.
A)Liability
B)Partnerships
C)Sole proprietorships
D)Limited liability partnerships

Question

Quizplus · Accepted Answer

Liability is the best choice as it directly refers to the state of being responsible for something, especially by law. In financial terms, it refers to money or financial obligations that are owed to others, which is the definition of debt. The other options, such as partnerships, sole proprietorships, and limited liability partnerships, are types of business entities and do not directly relate to the concept of debt.

Another Word for Debt Is _______