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.

The meaning of ASSET is the property of a deceased person subject by law to the payment of the person's debts and legacies. How to use asset in a sentence.

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

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

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.

Apr 25, 2023 · What Is an Asset? An asset is a resource owned by an individual or organization which provides economic value. This includes cash, equipment, property, rights, or anything that helps a …

as•set (ˈæs ɛt) n. 1. a useful and desirable thing or quality: Organizational ability is an asset. 2. a single item of ownership having exchange value.

Something or someone that is an asset is considered useful or helps a person or organization to be successful.

An asset is something you have that is positive. It can mean a piece of property, a piece of equipment, an ability, or even a quality.

Learn about different asset types, and how knowing what an asset is can enhance your financial strategy and help you make smarter financial decisions.