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Glossary > A > "Asset" Definition

Asset

Any possession that has value in an exchange.

Anything that an individual or a corporation owns that has economic value to its owner. Asset is also a balance sheet item showing what a firm owns.

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Asset - Any possession that has value in an exchange.

Anything that an individual or a corporation owns that has economic value to its owner. Asset is also a balance sheet item showing what a firm owns.

Asset : any possession that has value in an exchange.

anything that an individual or a corporation owns that has economic value to its owner. asset is also a balance sheet item showing what a firm owns.