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 ?
Essen's real-time, live-cell analysis platform "will add another key technology for advancing and accelerating drug discovery applications to our lab divisions' portfolio", explained CEO Joachim Kreuzburg.
Nick Romano, the company chief executive officer, said, 'We are constantly striving at von Essen to further enhance our luxury lifestyle offering for guests with the aim of meeting and exceeding expectations.
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4 Fuchs, Claudia, 'Konzernzentrale von der RWE AG in Essen', in Baumeister 5, 1997, p33.
In the current sales climate, publishers with good properties -- monopoly papers in growth markets offering strategic clustering opportunities to at least one buyer -- are holding them off the market, Van Essen said.
Delivery of 992 ipads with vpp voucher for the secondary schools of the city of essen.
3 March 2017 - German biopharmaceutical industry and laboratories equipment provider Sartorius (FWB: SRT) has signed an agreement to acquire US based cell-based assays and instrumentation provider Essen BioScience Inc., the company said.
Coal company Peabody Energy (NYSE:BTU) reported on Tuesday the opening of a coal office in Essen, Germany, further expanding the Peabody COALTRADE platform in the most liquid of global coal markets.
The fire department essen procures 2 turntable ladders according to din 14 043 in connection with din en 1777, din en 1846 in all parts, din 14502-2, uvv vehicle guv 5.1 and according to the list of services (lvz) as well as the preliminary remark.
Broker: Dirks, Van Essen & Murray represented seller