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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 ?
When the child attained age 14 or more, the assets were typically sold or redeemed, because the tax no longer applied.
Others sell retired high-tech assets in the secondary market, where used computers, depending upon configuration, can command up to $800 per asset.
While these measurement techniques add to the transparency of management's reporting of asset values, they must be "tempered by the economic realities of managing such assets in a market environment that moves up and down and from moment to moment," Mard adds.
The degree to which a firm is levered is calculated as the ratio of total assets to owners' equity.
The DAU is planning the development of a central Learning Asset Digital Repository (LEADR) that will serve as a central database of learning assets that are principally developed and managed by DAU, but also house other DoD assets that DAU is specifically responsible for managing.
With this in mind, all companies will benefit from determining the value of their intangible assets.
If the FMV of the asset becomes less that the carrying value of the asset, a writedown will have to be taken.
A banking institution may reduce an ATRR when notified by the Board or, at any time, by writing down such amount of the international asset for which the ATRR was established.
As these companies' earnings have suffered, they have turned to the inherent value of their assets -- accounts receivable, inventory and fixed assets -- to deliver the operational flexibility and borrowing power their cash flows can no longer command.
We may now be seeing a period of "value illusion," as people do not realize that the apparently inevitable upward march of asset prices is much less certain in a world of zero inflation.
Although it might not constitute the most rewarding aspect of asset forfeiture, indispensable legal and procedural requirements exist that departments must meet.
a delineation of the primary and secondary accountabilities for capital, earnings and risk management between product, asset and corporate managers.