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

The company's biggest and most valuable asset is the factory that the company just built to customization.

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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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