financial instrument

Sir, could you explain with example below defintion financial asset and for financial liability

1. a contract that will or may be settled in the entity’s own equity
instruments, and is a nonderivative
for which the entity is or may be
obliged to receive a variable number of the entity’s own equity
instruments

2 .a contract that will or may be settled in the entity’s own equity
instruments, and is a derivative that will or may be settled other than by
the exchange of a fixed amount of cash or another financial asset for a
fixed number of the entity’s own equity instruments

1a contract that will or may be settled in the entity’s own equity
instruments, and is a nonderivative
for which the entity is or may be
obliged to deliver a variable number of the entity’s own equity
instruments
2• a contract that will or may be settled in the entity’s own equity
instruments, and is a derivative that will or may be settled other than by
exchange of a fixed amount of cash or another financial asset for a fixed
number of the entity’s own equity instruments.