Business Dictionary
Asset
Definition
A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.
Deep Dive
An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. These resources are fundamental to a business's operations and financial strength, as they are used to generate revenue, produce goods or services, or otherwise contribute to the entity's value. Assets can be tangible (physical) or intangible (non-physical).
Examples & Use Cases
- 1Cash held in a company's bank accounts, ready for immediate use.
- 2A manufacturing plant and the specialized machinery within it used for production.
- 3Intellectual property such as patents, copyrights, and brand trademarks that provide exclusive rights and competitive advantage.
Related Terms
ResourcesCapitalProperty, Plant & Equipment (PP&E)Balance Sheet