asset

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Asset

Any possession that has value in an exchange.

Asset

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.

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.

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.

asset

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.

asset

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;
  3. intangible assets, such as BRAND NAMES, KNOW-HOW and GOODWILL. See INVESTMENT, LIQUIDITY, BALANCE SHEET, LIABILITY.

asset

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

Receivables:
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
Goodwill

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.

Asset

An item of useful or valuable property.
References in periodicals archive ?
Business assets: Hungary has always had a strong history of entrepreneurial business activity, and has had the largest percentage of export earnings outside of Yugoslavia.
The AMT calculations do not include an adjustment for gain on sale of business assets.
The most straightforward decision the Government could make immediately would be that, for business assets only, the pre-PBR 2007 regime would continue unchanged.
By April 2000, the definition of business assets was very wide, including shares in unquoted trading companies, most employee owned shares and many AIM shares.
More likely, the IRS viewed the holding company's ownership of stock in the operating subsidiary as a historic business asset of the holding company that the subsidiary somehow continued after its acquisition of the holding company's assets.
Failing to qualify for Business Asset Taper Relief in these circumstances would increase the tax rate on the sale to 40 per cent.
From April 6, an individual who has owned a business asset for only two years could therefore keep as much as 90 per cent of the proceeds.
'Most problems seem to arise with the sale of shares in a family-owned trading company that has inadvertently fallen foul of the very stringent rules defining what qualifies as a business asset.
Equally, shareholdingsin companies that have high levels of investment income or investment assets may not qualify for the better business asset taper.
The roots of the new proposals are set in the Finance Act 2000, which relaxed the rules governing capital gains tax business asset taper relief.
to acquire certain Minit Lube in Canada business assets
Global Banking News-August 6, 2019-Hewlett Packard Enterprise acquires business assets of MapR

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