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

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.

​ Was this Helpful? YES  NO 8 people found this helpful.

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.

​ Was this Helpful? YES  NO 11 people found this helpful.

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.

​ Was this Helpful? YES  NO 14 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
wear and tear long term capital management (LTCM)