noun a useful or valuable thing, person, or quality
adjective relating to or describing something that is valuable or beneficial
Assets are resources owned by a company, such as cash, investments, inventory, equipment, and real estate, that hold economic value and can be used to generate revenue.
Assets are essential for a company's operations and growth, as they provide the necessary resources to support business activities and generate profits.
Assets play a critical role in the economy, as they represent wealth and contribute to the overall productivity and growth of a country.
Assets are recorded on a company's balance sheet and are categorized as current assets (e.g. cash, accounts receivable) or non-current assets (e.g. property, plant, equipment).
Assets can be bought and sold in financial markets, with investors seeking to build a diversified portfolio of assets to achieve their financial goals.
In the financial industry, assets refer to any resources owned by a company or individual that have economic value, such as cash, investments, property, or equipment. Writers may use the term assets when discussing financial planning or business operations.
Psychologists may use the term assets when referring to a person's strengths, abilities, or resources that contribute to their overall well-being. This could include qualities such as resilience, coping skills, social support, or personal talents.
Accountants use the term assets to refer to the resources owned by a company that have economic value and can be used to generate future income. This includes tangible assets like property and equipment, as well as intangible assets like intellectual property or goodwill.
Real estate agents use the term assets to describe properties or investments owned by their clients that can be bought, sold, or rented for financial gain. They may also refer to a person's financial assets when discussing their ability to purchase real estate.
Financial advisors work with clients to manage their financial assets, which may include investments, retirement accounts, savings, and other resources. They help clients make decisions about how to grow and protect their assets over time.