Word Definitions

So many english word definitions have multiple meanings that it can be confusing. 

The definitions of the words we use will drive not only the way we use them but also the perceptions we have and the directions we go.

Here are some basic definitions that as far as HARTSCO goes we should be on the same wavelength with each other so as to be on the same page.  

Wealth - The period of time one can continue without changing lifestyle while having no positive cashflow.

Wealth - The amount of accumulated assets of an individual or entity. 

Asset - Something that provides income.

Liability - Something that deminishes or has no income advantage. 

I'm sure more will come to me later.