The difference between debt and equity.

• Equity is all the assets, physical and financial, which people own.
• What is Equity?

  Equity is all the assets, physical and financial, which people own.
• Debt, by contrast, is what people owe: that is, their liabilities
• What is debt?

  Debt, by contrast, is what people owe: that is, their liabilities
• What are debts also called?

  liabilities