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 …

Oct 15, 2025 · An asset is something of value that you own or that's owed to you. The loan would be an asset if you lent money to someone because they're obligated to repay you that amount.

: a short-term asset (as inventory, an account receivable, or a note) that can be quickly converted into cash

ASSET definition: 1. a useful or valuable quality, skill, or person: 2. something valuable belonging to a person or…. Learn more.

ASSET definition: a useful and desirable thing or quality. See examples of asset used in a sentence.

Feb 27, 2023 · Assets are things you own that have value. Assets can include things like property, cash, investments, jewelry, art and collectibles. Liabilities are things that are owed, like debts. …

An asset is anything that holds value or provides positive economic value. Most people have personal assets like cash, savings accounts, bonds, life insurance policies, jewelry, and …

Jul 6, 2025 · An asset is an expenditure that has utility through multiple future accounting periods. If an expenditure does not have such utility, it is instead considered an expense.

Oct 8, 2025 · What does "asset" mean? An asset is anything with positive economic value. Assets can be classified in several different ways.

Dec 15, 2024 · For something to be considered as an asset, it must hold value or have potential for future benefits. This can include physical possessions like a house, a property, equipment, …