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What is an Asset? - Finance Strategists What Is an Asset? An asset is a resource owned by an individual or organization which provides economic value This includes cash, equipment, property, rights, or anything that helps a company generate revenue or reduce expenses
ASSET Definition Meaning - Merriam-Webster The meaning of ASSET is the property of a deceased person subject by law to the payment of his or her debts and legacies How to use asset in a sentence
Asset - Wikipedia In financial accounting, an asset is any resource owned or controlled by a business or an economic entity It is anything (tangible or intangible) that can be used to produce positive economic value Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset) [1]
Assets in Accounting: A Beginners Guide | Accountingo In accounting, assets refer to any physical properties such as inventory, vehicles, and buildings, monetary resources such as cash, investments, and receivables, as well as any intangible properties like software and patents that belong to a business and help it earn economic benefits in the future
What are Assets? - Definition | Types and Classes | Examples Explained What are Assets in Accounting? Definition: An asset is a resource that has some economic value to a company and can be used in a current or future period to generate revenues These resources take many forms from cash to buildings and are recorded on the balance sheet until they are used
ASSET Definition Meaning | Dictionary. com a useful and desirable thing or quality Organizational ability is an asset a single item of ownership having exchange value Our summer home is an asset we're not willing to sell
asset noun - Definition, pictures, pronunciation and usage notes . . . Definition of asset noun from the Oxford Advanced Learner's Dictionary a person or thing that is valuable or useful to somebody something In his job, patience is an invaluable asset Being able to speak a foreign language is a major asset I’m not sure if his forcefulness is an asset or a liability
ASSET definition and meaning | Collins English Dictionary Something or someone that is an asset is considered useful or helps a person or organization to be successful He considered that the greatest asset of a bank was its reputation for probity [ + of ]