2006-09-11 11:55:08 · 6 answers · asked by havalaw 1 in Education & Reference ➔ Higher Education (University +)
property/money. you can have liquid assets like bank accounts or savings accounts. liquid means that, if need be, you can use them up or get to them in a hurry. other assets like property, 401k, retirement plans cannot be readily accessed quickly.
2006-09-11 12:01:06 · answer #1 · answered by Anonymous · 0⤊ 0⤋
An asset could be classified as something real, that you could touch, but that would not included intangible assets, like trademarks or patents etc.
Best definition would be something owned by a company or individual that has commercial value or can be converted to cash.
2006-09-11 12:01:25 · answer #2 · answered by p_rutherford2003 5 · 0⤊ 0⤋
In law, the property of a deceased person that is convertible into money and held for the payments of debts or legacies. It also means, alll the property, real and personal of a person, or a corporation, or of a partnership, which is or maybe chargeables with the debts or leagacies of such parties. In accounting, the entries in an balance sheet showing all the property or resources of a person or business as accounts receivable, inventory, deferred charges and plant. In person, it is the appearance (body structure for men and women) or intelligent capacity.
2006-09-11 12:15:13 · answer #3 · answered by Sam X9 5 · 0⤊ 0⤋
A place to park your body. Like his assets on the couch all day watching football.
2006-09-11 12:00:48 · answer #4 · answered by icynici 4 · 0⤊ 1⤋
Something you own that has an appreciating value in the years to come.
2006-09-11 12:01:07 · answer #5 · answered by worldneverchanges 7 · 0⤊ 0⤋
accumulated net worth
2006-09-11 12:01:52 · answer #6 · answered by James W 1 · 0⤊ 0⤋