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For all practical purposes, financial resources revolve around money. If an individual owns a portfolio of US Treasury Bills and US Treasury Bonds, it can be said that the individual has "financial resources". With such resources, these items can be easily converted into cash for various purposes.
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A financial liability is defined as the obligation to give cash to another entity under certain conditions. Some examples of financial liabilities are accounts payable and loans.
Some examples of loans available for individuals seeking financial assistance include personal loans, student loans, auto loans, and home mortgages.