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Liability

Common Examples of Personal Liabilities Store Accounts (e.g. Woolworths) Home Loan Bank Overdraft NSFAS Loan Information Source: Oxford Languages https://languages.oup.com/google-dictionary-en/

Net Worth

Why is knowing your Net Worth important? From a financial perspective, Net Worth or Net Asset Value is the most common measure...
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Trust

Types of Trusts There are 2 types of trusts that can be registered. (1) An inter-vivos trust, which is created between living...
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Asset

Common Examples of Personal Assets Stokvel funds, Money Market Accounts, Cash  Property or land Livestock (e.g. cattle, sheep) Furniture, Jewellery, Cars Pensions,...
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