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What is an Asset? - Finance Strategists 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 specifically: any asset classified as a capital asset by law (as section 1221 of the Internal Revenue Code) — current asset : a short-term asset (as inventory, an account receivable, or a note) that can be quickly converted into cash
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 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 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 ]
Asset - definition of asset by The Free Dictionary Define asset asset synonyms, asset pronunciation, asset translation, English dictionary definition of asset n 1 A useful or valuable quality, person, or thing; an advantage or resource: proved herself an asset to the company 2 A valuable item that is owned
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