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Any possession that has value in an exchange.


In accounting, anything of value that a person or firm buys. Assets can be physical, such as real estate or stocks, a claim on debts, such as accounts receivable or liens, or a right, such as a patent. Of crucial importance to assets is their relative liquidity, or the ease with which they can be converted to cash. Liquid assets are often thought to be more useful than illiquid assets. See also: Tangible asset, Intangible asset.


Something of monetary value that is owned by a firm or an individual. Assets are listed on a firm's balance sheet and include tangible items such as inventories, equipment, and real estate as well as intangible items such as property rights or goodwill. Compare liability. See also current asset, intangible asset, tangible asset.


Assets are everything you own that has any monetary value, plus any money you are owed.

They include money in bank accounts, stocks, bonds, mutual funds, equity in real estate, the value of your life insurance policy, and any personal property that people would pay to own.

When you figure your net worth, you subtract the amount you owe, or your liabilities, from your assets. Similarly, a company's assets include the value of its physical plant, its inventory, and less tangible elements, such as its reputation.


an item or property which is owned by a business or individual and which has a money value. Assets are of three main types:
  1. physical assets such as plant and equipment, land, consumer durables (cars, etc.);
  2. financial assets such as currency, bank deposits, stocks and shares;
  3. intangible assets, such as BRANDS. Alternatively, assets can be classified into FIXED ASSETS (those intended for long-term use by a business); and CURRENT ASSETS (those intended to be turned over, in trading, as raw materials are converted into finished goods, then sold to generate cash). See INVESTMENT, LIQUIDITY, BALANCE SHEET, LIABILITY.


an item or property owned by an individual or a business that has a money value. Assets are of three main types:
  1. physical assets, such as plant and equipment, land, consumer durables (cars, washing machines, etc);
  2. financial assets, such as currency, bank deposits, stocks and shares;


Something of value. On a balance sheet or personal financial statement, assets will include the following items, typically arranged in order according to the ease with which they can be converted into cash:

Cash and equivalents

Cash on hand:
Cash in banks
Marketable securities

Accounts receivable
Less reserves for bad debts

Furniture, fixtures, and equipment

Fine art

Real property

General intangibles:
Stock in closely held corporations
Intellectual property rights

When lenders examine balance sheets,they generally assume that individuals and small businesses overvalue the furniture, fixtures, and equipment and the general intangibles. Large entries for cash and equivalent assets will overcome a poor credit rating 9 times out of 10.


An item of useful or valuable property.
References in periodicals archive ?
While the report shows a clear breakdown in intelligence operations, "I don't think blaming really helps too much," Von Essen said.
But an anxious Mr Baulmer immediately contacted West Midlands Police detectives who, it is understood, traced Mr Malik's telephone call to the villa in Essen.
The Emil van Essen Spread Trading Program has outperformed both the Barclay CTA Index and Goldman Sachs Commodity Index for the last 4 years.
We are very excited about the release of the new products," says Kirk Schroeder, President of Essen BioScience.
Jeremy Jones, director of corporate hotels at Christie + Co, said: "The von Essen portfolio has stimulated tremendous national and international interest.
von Essen hotels, a hotel spa operator in UK, has launched Spa by von Essen.
Gulf Extrusions, one of the largest aluminium extrusion plants in the Gulf, has announced its successful participation in the recently-concluded 'Aluminium Essen 2008' exhibition in Germany, underlining its focus on the European market.
LONDON, October 17 /PRNewswire/ -- A new board game, the only one of its kind on the world, will receive its first public viewing at Essen Spiel 07, Essen, Germany.
Next, Hanzlova devoted herself to the place where she was now living: a housing project in Essen that was built for working-class families in this industrial area.
Giuliani joined fire commissioner Thomas Von Essen an Department of Design and Construction commissioner Kenneth Holden in dedicating the new station for Emergency Medical Service 16 in Harlem last week The new structure, located at W.
Next year Ingenhoven and his partners won the competition for the RWE headquarters in Essen with a very similar design which was ironically completed late last year, a few months earlier than the bank.