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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 ?
Skilful asset allocation can be an even more powerful tool when the risk and return attributes of several asset classes are combined.
Indeed, most of these allocators have done very well over the years by adjusting to changes in the valuations of various asset classes.
Adding asset classes (such as foreign bonds and foreign stocks) to a portfolio invested primarily in U.
Two of the three top performing asset classes in terms of surveyed investors net sentiment are still Sterling-denominated, Gold, which despite a recent weak run, has kept a steady net sentiment trend and comes third this month behind UK property and UK equities asset classes, rising one percentage point.
Real estate investors can learn from other asset classes to become far more disciplined in terms of the hold/sell analysis on both the upside and downside, and far more nimble in reacting to events.
Fee-based investments are made in institutional asset class funds in a selection of asset classes.
1250 property is not included in the asset classes of the IRS administrative guidance setting forth class lives and recovery periods, unless the Sec.