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Real or Personal Property, whether tangible or intangible, that has financial value and can be used for the payment of its owner's debts.

An accrued asset is one that arises from revenue earned but not yet due. For example, an accrued dividend is a share of the net earnings of a corporation that has been declared but has not yet been paid out to its shareholder(s).

In Bankruptcy, an asset is any form of property owned by a debtor who is insolvent that is not exempt from being used to repay debts.

For Income Tax purposes, a capital asset is property held by a taxpayer for personal enjoyment or investment, such as a home, furniture, stocks and bonds, or an automobile, but does not include inventory, commercial accounts, and notes receivable, depreciable property, commercial property, copyrights, and short-term government obligations. When a capital asset is sold, any gain received is given preferential tax treatment.A current, liquid, or quick asset is an item that can be readily converted to cash, such as stocks and bonds.

A fixed asset is one of a permanent or longterm nature used in the operation of a business and not intended for sale.

A frozen asset is one that cannot be easily converted into cash, such as real estate when there is no market, or that cannot be used because of a legal restriction, such as a spend-thrift trust.

An intangible asset is one to which an Arbitrary dollar value is attached because it has no intrinsic market value but represents financial value, such as the good will of a business, Trademarks, or Patents.


n. generally any item of property that has monetary value, including articles with only sentimental value (particularly in the estates of the dead). Assets are shown in balance sheets of businesses and inventories of probate estates. There are current assets (which includes accounts receivable), fixed assets (basic equipment and structures), and such intangibles as business good will and rights to market a product.

See: advantage, chattel, holding, item, possession, property, resource, share, stock
References in periodicals archive ?
A recent study in the United States highlighted the fact that those asset classes that see significant institutional flows tend to be the ones that do well going forward.
Based on these changes - you might say, ``I don't want more than 25 percent in equity'' - the analysis can be conducted again with the limitation placed on equity; alternative asset classes are then recommended to replace the higher equity allocation.
Sponsors and investment managers of institutional portfolios, as well as many individual investors, have come to understand that the decisions they make on how to invest among various asset classes is much more important than choosing individual stocks, bonds, or other securities.
As markets are evolving, there is a real need for skilled managers who can spot investment opportunities across liquid asset classes, particularly commodities, foreign exchange and fixed income.
The 2005 NACUBO Endowment Study showed that universities allocated a total of nearly 5 percent into alternative asset classes, excluding real estate and hedge funds.
Mean-variance optimization is a mathematical process that requires three inputs: (1) expected return of each asset, (2) expected risk of each asset and (3) the correlation coefficient of each pair of asset classes.
Basically, asset classes categorize funds in two fundamental ways.
However, industrial property is more volatile than other asset classes because it is sensitive to many factors.
asset classes and sectors, investor views of emerging market conditions were notably less negative than six months ago.
It is not unusual for large endowments to hold as many as 30 different asset classes in their portfolios, compared to six or so as recently as 15 years ago.
Informed investors know their objective is to achieve the greatest percentage of available returns on the asset classes in which they invest.
Of particular interest to many taxpayers are asset classes dealing with office furniture and fixtures: Asset Class 00.