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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 - 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]
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 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 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 Is an Asset? Definition, Types, and Examples An asset is something valuable that a person or business owns, which can be used to generate income or provide future benefits An asset is key in measuring financial health and stability
Asset | Definition, Types, Examples, Classifications What Is an Asset? An asset can be used to generate value for a business or individual The word asset is derived from the Latin ad satis, which means "to sufficiency " It is important to note that not all assets are liquid, meaning they cannot immediately be converted into cash