as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
explain why the following phrase is incorrect: "your was late".
user
the phrase "your was late" is incorrect because "your" is a possessive determiner, so it should be written as "you're" which is the contraction of "you are".
assistant