Financial Definition of Asset

Meaning of Asset

Any possession that has value in an exchange.

Related Entries of Asset in the Encyclopedia of Law Project

Browse or run a search for Asset in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Asset in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Asset in Historical Law in the Encyclopedia of Law.

Legal Abbreviations and Acronyms

Search for legal acronyms and/or abbreviations containing Asset in the Legal Abbreviations and Acronyms Dictionary.


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Asset in the Dictionary Asset in our legal dictionaries
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Related topics Asset in the World Encyclopedia of Law

What is Asset?

Vocabularies (Semantic Web Information)

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Topic Map A group of names, occurrences and associations
Topic Tree A topic display format, showing the hierarchy
Sitemap Index Sitemap Index, including Taxonomies The URI of Asset (more about URIs)

Asset in the Economic Activity

An introductory concept of Asset may be: any item that is long-lived, purchased for the service it renders over its life and for what one will receive when one sells it

Asset Definition (in the Accounting Vocabulary)

The New York State Society of Certified Public Accountants offers the following definition of Asset in a way that is easy for anybody to understand: An economic resource that is expected to be of benefit in the future. Probable future economic benefits obtained as a result of past transactions or events. Anything of value to which the firm has a legal claim. Any owned tangible or intangible object having economic value useful to the owner.

United States Tax Concept of Asset

Anything owned by an individual or a business, which has cash, commercial, or exchange value. Assets may consist of specific property or claims against others.

An asset is anything with a monetary value attached. Assets may be real or personal property, which may be used for payment of debts.

An asset is anything with a monetary value attached. Assets may be real or personal property, which may be used for payment of debts.

Asset in the National Security Context

A definition and brief description of Asset in relation to national security is as follows:Agents, sympathizers, or supporters that intelligence agencies can exploit to complete mission objectives.


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