Asset

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 economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetary value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. Total assets can also be called the balance sheet total.

monetary contract between parties

an asset which can either be converted to cash or used to pay current liabilities within 12 months

legally enforceable claim for payment to a business by its customer/ clients for goods supplied and/or services rendered in execution of the customer’s order

asset that lacks physical substance and usually is very hard to evaluate

type of payment

intangible asset that derives value because of a contractual claim

return or cost of holding an asset

in accounting, the value of an asset according to its balance sheet account balance

financial asset whose value has fallen significantly and for which there is no longer a functioning market

assets that have suffered from unanticipated or premature write-downs, devaluations, or conversion to liabilities

theory of how equities and debt instruments are valued

Iranian assets held abroad, frozen by the U.S.

Rise in the value of financial and capital assets

property of any kind held by an assessee

highly liquid, short-term assets