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What Is an Asset? An asset is a resource owned by an individual or organization which provides economic value. This includes cash, equipment, property, rights, or anything that helps a company generate revenue or reduce expenses.
An asset is a resource, tangible or intangible, that holds some monetary value that can be exploited by its owner. The asset may produce income, such as rental fees, or may produce a...
In accounting, assets refer to any physical properties such as inventory, vehicles, and buildings, monetary resources such as cash, investments, and receivables, as well as any intangible properties like software and patents that belong to a business and help it earn economic benefits in the future.
The meaning of ASSET is the property of a deceased person subject by law to the payment of his or her debts and legacies. How to use asset in a sentence.
ASSET definition: 1. a useful or valuable quality, skill, or person: 2. something valuable belonging to a person or…. Learn more.
What are Assets in Accounting? Definition: An asset is a resource that has some economic value to a company and can be used in a current or future period to generate revenues. These resources take many forms from cash to buildings and are recorded on the balance sheet until they are used.
Definition of asset noun from the Oxford Advanced Learner's Dictionary. a person or thing that is valuable or useful to somebody/something. In his job, patience is an invaluable asset. Being able to speak a foreign language is a major asset. I’m not sure if his forcefulness is an asset or a liability.
Something or someone that is an asset is considered useful or helps a person or organization to be successful. He considered that the greatest asset of a bank was its reputation for probity. [ + of ]
What Is An Asset? An asset is a resource that is owned or controlled by an individual, corporation, or government with the expectation of producing a positive economic benefit. An asset can generate cash flow, lower expenses, or increase sales, and it can be either tangible (such as machinery) or intangible (such as copyright).
An asset is a resource—whether physical or intangible—that has earning power or some economic value. Assets owned by individuals are personal assets, whereas assets owned by companies—corporations or partnerships, for example—are business assets.