The crossword solution for the term 'LIABILITY's Counterpart' is 'ASSET, ' which is a five-letter word. An ASSET is an item of economic value owned by an individual or business, such as cash, investments, or property. Assets are typically used to generate income or to reduce expenses. Liabilities, on the other hand, are obligations that must be paid or fulfilled by an individual or business. Examples of liabilities include loans, accounts payable, and taxes. Together, assets and liabilities form the basis of a company's balance sheet.