Debt is every similar to liabilities. Both refer to obligations in which money needs to be paid back. In most instances, debt includes all liabilities, especially when calculating debt-to-equity ratio. However...

An asset is anything that can be utilized to make more money. A liability is an obligation on which money has to be paid. In terms of banking, an asset is anything on which one earns an interest, whereas a...

Detention is when the police or any authority holds someone under suspicion but have not charged them with a crime. Arrest is when the police charges someone with a crime and then takes them into custody.

Extortion refers to intimidating or threatening the person with violence in exchange for monetary compensation, blackmail, on the other hand, refers to threatening the person with social, emotional, or...

The primary difference between an apartment and a flat is that the term ‘apartment’ is mostly used in American English, whereas ‘flat’ is used in UK or British English. Both indicate a set of rooms that are on...