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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 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
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 - 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
What is Asset? Definition of Asset, Asset Meaning - The Economic Times An asset is a resource with a monetary value that a person, business, or country owns or manages with the hope that it will bring benefits in the future Assets are listed on a company's balance sheet and are bought or built to make the company more valuable or to help it run better
What Is an Asset? Definition and Examples - Forage An asset is typically 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