asset

Definition

Any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Examples are cash, securities, accounts receivable, inventory, office equipment, real estate, a car, and other property.

On a balance sheet, assets are equal to the sum of

From an accounting perspective, assets are divided into the following categories:

See also:
 List of Key Accounting Terms and Definitions at InvestorGuide.com.

Use asset in a sentence

You need to do your best to protect your most valuable asset and not let anything bad happen to it.

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I informed him that he would be a great asset to us because he had a lot of power and knew how to use it.

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We have several assets overseas including a lush mansion in Brazil, and several bank accounts in Europe, but that's nothing compared to what we have stored away in Chinese markets.

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