an asset is something of value that you own or that is owed to you. If you lend money to someone, that loan is also an asset because you are due that amount. For the person who owes the money, the loan is a liability.
What is an asset? An asset is a resource that a company owns for the purpose of either current or expected future economic benefit. Or, in plain language, an asset is something you own or control that you think can be converted into cash in the future or right now. Every business has ...
An asset, in simple terms, is something that holds value and is owned by an individual or organization. Assets can be tangible, meaning they have physical existence, or intangible, referring to non-physical assets such as intellectual property. Assets play a key role in finance as they contrib...
Anassetis any resource of value, tangible or intangible, that is owned by an individual, a company, or a government with the expectation that it will provide an economic benefit. Key Takeaways Assets are any resource of value that is owned by an individual, business, or government. Assets ...
What Is an Asset? 3 min read | Aug 30, 2024 An asset is anything you own that holds monetary value. That means things like your house, your car, and your checking account funds are considered assets.1 Knowledge of your assets and their value is key to understanding your net worth, whi...
What is an asset? Types of assets Assets vs. liabilities Measuring efficient use of assets An asset is a resource used to hold or create economic value. You might have personal assets, like your house, a savings account, a life insurance policy, or a p...
Definition: An asset is a resource that owned or controlled by a company and will provide a benefit in current and future periods for the business. In other words, it’s something that a company owns or controls and can use to generate profits today and in the future.What...
An asset is anything that has valueor is redeemable for currency. That broad definition opens the door to a wide range of personal asset types. Some of the most common include: Cash.The money in your bank account or in your wallet is an asset. In fact, it’s an asset in the purest...
What Is an Asset-Backed Security (ABS)? Asset-backed securities (ABS) is a type of financial investment that is collateralized by an underlying pool ofassets—usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, or receivables. It takes the form of...
Schuetze, W. P., 'What is an Asset?', Accounting Horizons, September 1993.Schuetze, W. P., 1993, `What is an Asset?', Accounting Horizons, 7, 3, pp. 66-70.WaterSchultze.What is an asset. AccountingHori-zons . 1993Schutze,W.P.What is an Asset....