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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Asset Definition An asset is generally any useful thing or something that holds value. Most people have personal assets, like cash, savings accounts, bonds, life insurance policies, jewelry and collectibles. A person’s skills and abilities can also be an asset.www.theforage.com/blog/skills/assetassets - anything of material value or usefulness that is owned by a person or company possession - anything owned or possessed plural, plural form - the form of a word that is used to denote more than onewww.thefreedictionary.com/assetsAn asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets are reported on a company's balance sheet. They are bought or created to increase a firm's value or benefit the firm's operations.www.investopedia.com/terms/a/asset.aspAn asset is something that an individual, business, corporation or country owns or controls. There’s an expectation that when assets are owned they’ll provide some type of future benefit. They get reported on the balance sheet of your company and are typically purchased to increase business value.www.freshbooks.com/glossary/accounting/assetAssets 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 ...financial-dictionary.thefreedictionary.com/asset
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- nounassets (plural noun)
- a useful or valuable thing, person, or quality:"quick reflexes were his chief asset" · "the school is an asset to the community"Similar:good pointattractive featureredeeming featurecompensating feature
- (assets)property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies:"growth in net assets" · "debiting the asset account"Opposite:
- (assets)military equipment, such as planes, ships, communications and radar installations, employed or targeted in military operations.
OriginMiddle English (in plural in the sense ‘sufficient estate to allow discharge of a will’): from an Anglo-Norman French legal term, from Old French asez ‘enough’, based on Latin ad ‘to’ + satis ‘enough’. What Is an Asset? Definition, Types, and Examples - Investopedia
An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Learn about the different types of assets, such as current, fixed, financial, and intangible, and how they are valued and reported on … See more
An asset is a resource with economic valuethat an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets are … See more
An asset represents an economic resource owned or controlled by, for example, a company. An economic resource is something that may be scarce and has the ability to produce economic benefit by generating cash inflows or decreasing cash … See more
- Current Assets
- In accounting, some assets are referred to as current. Current assetsare short-ter…
- Fixed Assets
- Fixed assets are resources with an expected life of great… See more
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