ASSET

Asset

In financial accounting, an asset is an economic resource. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash .

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asset

Noun

  1. Something or someone of any value; any portion of one's property or effects so considered.
    These shares are a valuable asset.
  2. Any component, model, process or framework of value that can be leveraged or reused.
  3. intelligence asset


The above text is a snippet from Wiktionary: asset
and as such is available under the Creative Commons Attribution/Share-Alike License.

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