Asset

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Asset

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.

asset

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 ?
Essen expects to generate sales revenues of approximately USD 60m in 2017 with continued strong levels of operating profitability.
Brett Williams, president and chief executive officer of Essen, said, "We are excited to become part of Sartorius as a'Center of Excellence' and build an industry--leading cell analytics portfolio together with the IntelliCyt business.
Having achieved strong double-digit growth over the past few years, Essen forecasts sales revenues of around USD60mn in 2017, with continuing robust levels of operating profitability.
She added: "We don't regret the Von Essen phase, as we learnt a lot regarding various systems, such as issues of legality and health and safety.
Broker: Dirks, Van Essen & Murray (S) INDIANA Pilot-News, Plymouth, 6,200 Seller: Community Newspaper Holdings, Inc.
But for the most part, "Arbeit Essen Angst" relied on artists in their twenties and thirties.
Long associated with coal-mining and Krupp's armament factories, Essen was the target of Allied raids during the Second World War and was largely rebuilt after it.
CHICAGO -- Chicago-based investment manager Emil van Essen, LLC announced that its flagship Spread Trading Program won BTOP awards for Best Defensive (Diversified) and Greatest Returns (High Volatility - Diversified) at the inaugural Managed Futures Pinnacle Awards ceremony held Monday night in Chicago.
The medical reports must contain detailed explanations of the actual ability to work and the clinical picture or the health restrictions of the customers of jobcenter essen.
M2 EQUITYBITES-March 7, 2017-Sartorius acquires Essen Bioscience in USD320mn deal
Travel Business Review-6 July 2010-von Essen hotels Introduces Spa by von Essen(C)2010 ENPublishing - http://www.
Millionaire owners Tom and Jocelyn Maxfield have agreed a deal to sell both Seaham Hall and their Lake District hotel The Samling to Somerset-based Von Essen Hotels.