Asset

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • value
  • benefit
  • worth
  • important
  • gain

Alternate Spellings

  • Assets

Definition of Asset

  1. Any item or possession of monetary value that is legally owned by a person. Assets can include real or personal property, and enforceable claims against others including bank accounts, stocks, mutual funds, etc.

Related Terms and Acronyms

  • Short-term Capital Loss Definition,
    • Your loss from the sale of a capital asset that you held for one year or less.
  • Chattel Definition,
    • Personal property that can be moved.
  • Capital Investments Definition,
    • Money used to purchase permanent fixed assets for a business, such as machinery, land or buildings as opposed to day-to-day operating expenses.
  • Fixed Assets (FA) Acronym, Important,
    • Assets like machinery, land, buildings, or property used in operating a business that will not be consumed or converted into cash during the current accounting period.
  • Intangible Property Definition,
    • Property that does not have value itself, but represents something else. Stocks, bonds and franchises are examples of intangible property. Business furniture and equipment are examples of tangible personal property.
  • Home Equity (HE) Acronym, Very Important,
    • The part of a home's value that the mortgage borrower owns outright; the difference between the fair market value of the home and the principal balances of all mortgage loans.
  • Segregated Fund Definition,
    • Investment vehicles that feature both maturity and death guarantees. Segregated funds share similarities with mutual funds but are categorized as insurance products.
  • Policyholder Surplus Definition,
    • A method of determining an insurance company's relative financial strength by finding the difference between the company's assets and liabilities.
  • Solvency Definition,
    • To be able to meet one's financial liabilities in the short or long term.
  • Illiquid Asset Definition,
    • An asset that cannot be sold easily or in a timely manner for its full value.
  • Liquid Assets Definition,
    • Cash and other property that can be converted quickly and easily into cash.
  • Adjusted Basis Definition,
    • The amount you use to determine your profit or loss from a sale or exchange of property.
  • Non-liquid Asset Definition,
    • A possession that can't be transformed readily into cash. Stocks and bonds are liquid assets because they can be sold easily; a house is a non-liquid asset because it takes time to sell.
  • Secondary Market Definition,
    • A market where financial instruments such as stocks, bonds, options and futures are bought and sold to investors.
  • Personal Property (PP) Acronym,
    • Property that is movable and not permanently attached to a dwelling or structure.
  • Intangible Asset Definition,
    • Non-physical resources or rights to other assets. Patents, goodwill, permits and computer programs are examples of intangible assets.
  • Sub Account Definition,
    • A separate financial account used to keep track of a department's finances.
  • Net Interest Margin (NIM) Acronym,
    • Net interest income (the difference between interest income and interest expense) as a percentage of average total assets.
  • Protected Cell Company (SPC) Acronym,
    • A company that separates its assets and liabilities into a number of 'cells' to shield itself and each 'cell' from losses.
  • Trustee Definition,
    • A person who holds and manages assets for the benefit of beneficiaries.
  • Fixture Definition,
    • Personal property that becomes real property when it is attached to a building. Examples include chandeliers, built-in bookcases and cabinets and drapery rods.
  • Capital Assets Definition,
    • Items that you own for investment or personal purposes, such as stocks, bonds or stamp collections. When you sell a capital asset, depending on the price you earn a capital gain or a capital loss. Gains are taxed at a special rate, and losses can be used in many cases to reduce the amount that is taxed. See also "Capital Gain" or "Capital Loss."
  • Monetary Value Definition,
    • A property's monetary value is its worth if sold at this moment in time.
  • Unaffiliated Investments Definition,
    • Investments in assets made by an insurance company where they have no control over the assets.
  • Total Admitted Assets Definition,
    • What assets an insurance company is legally allowed to include when determining its financial solvency.
  • Asset Case Definition,
    • A bankruptcy proceeding where there are non-exempt assets that might be accessible to pay creditor's claims.
  • Short-Term Capital Gain (STCG) Acronym,
    • Your gain from the sale of a capital asset that you held for one year or less.
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