In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. …

Oct 15, 2025 · An asset is anything, tangible or intangible, that has economic value to its owner or could have economic value in the future.

: a short-term asset (as inventory, an account receivable, or a note) that can be quickly converted into cash

ASSET definition: 1. a useful or valuable quality, skill, or person: 2. something valuable belonging to a person or…. Learn more.

ASSET definition: a useful and desirable thing or quality. See examples of asset used in a sentence.

Oct 8, 2025 · An asset is a resource used to hold or create economic value by generating revenue or reducing expenses.

Feb 27, 2023 · Assets are things you own that have value. Assets can include things like property, cash, investments, jewelry, art and collectibles. Liabilities are things that are owed, like debts. Liabilities …

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Jun 3, 2025 · An asset constitutes anything that holds monetary value, whether current or future, to a person or organization. Businesses, governments and non-profits all own assets.

Definition of asset noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.