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Additional Details
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Additional Details
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GARRY M | What does asset mean? |
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eixlsl
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I'm assuming that you've already looked it up in the dictionary, so I'm guessing that you want a definition in how it relates to business and finance since this is the category you've placed the question in.
An asset is basically something you have of value that makes you money. Its opposite would be a liability, something you have that costs you money. For instance, if you own a business, and you're putting more money into it than you have coming out from it, it becomes a liability. But if you have a business, that's already paid for itself and that makes more money than it costs to run it, it's an asset.
Get it? Got it? Good. :) |
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Mr Bad Boy
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Things you own that are of value |
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carol g
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asset –noun
1. a useful and desirable thing or quality: Organizational ability is an asset.
2. a single item of ownership having exchange value.
3. assets, a. items of ownership convertible into cash; total resources of a person or business, as cash, notes and accounts receivable, securities, inventories, goodwill, fixtures, machinery, or real estate (opposed to liabilities ).
b. Accounting. the items detailed on a balance sheet, esp. in relation to liabilities and capital.
c. all property available for the payment of debts, esp. of a bankrupt or insolvent firm or person.
d. Law. property in the hands of an heir, executor, or administrator, that is sufficient to pay the debts or legacies of a deceased person. |
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cantona
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depends if you think like the majority
majority think some thing of value you control
investor's think some thing that makes you money on a regular basis
i don't class it as a asset unless it is giving me a income including my house |
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Dagger_SA
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The accounting definition of an asset is anything the RETAINS value. |
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Serious M
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if you are serious to invest, you can search HSFX Asset Management in google engine and start making consistent return! |
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Gabrielle A
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It is an item you own which has a dollar value. Such as a vehicle, a house, etc. |
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Rachie:)
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a useful or valuable quality |
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Jojo
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everything of value owned by a company or person. |
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rocky
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it mean everything of value that a person or Company |
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Angie
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Something that's worth something. Cash, stocks, gold, houses, etc. |
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Laissez-Faire Guy
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I would define an asset a bit more narrowly then most would. To me, an asset is something that makes you money. Could be rental property, stocks, bonds, savings account, business equipment, etc.
However I would not call things like a personal car an asset, as they cost you money. However a truck used in your business would be considered an asset as it helps make you money.
Also a home is sort of iffy. As we've learned, they go down in value too, plus they cost you money to keep and maintain. |
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MICHAEL B
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An Asset is
I Any item of value.
A car
Property House Flat etc
Any antique may be an asset
Gold and Jewellery
Valuable paintings
all the above amd more any possession with surplus value is an asset
if a house is £100000 and the loan is £50000 your asset would be £50000 |
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GamerEngage
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its a part of something for example i have an asset (which could be pictures ) I can say this is an asset. I think this is right :P i hope so :D |
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