What Are Assets? Definition and Examples | MetLife (2024)

FAQs

What Are Assets? Definition and Examples | MetLife? ›

An asset is anything you own that holds monetary value. That means things like your house, your car, and your checking account funds are considered assets.

An asset is typically any useful thing or something that holds value. Most people have personal assets, like cash, savings accounts, bonds, life insurance policies, jewelry, and collectibles. A person's skills and abilities can also be an asset.

An asset is a resource that is expected to provide a future benefit to its owner. In the case of businesses, assets are reported on the company's balance sheet. An asset may generate cash flow, reduce expenses, or improve sales, and it may be either tangible (like a piece of machinery) or intangible (like a copyright).

An asset is anything that has current or future economic value to a business. Essentially, for businesses, assets include everything controlled and owned by the company that's currently valuable or could provide monetary benefit in the future. Examples include patents, machinery, and investments.

Assets are the items your company owns that can provide future economic benefit. Liabilities are what you owe other parties. In short, assets put money in your pocket, and liabilities take money out!

Mobile phones used by businesses over a long period of time to bring in revenue become a part of office equipment. Office equipment is treated as a fixed asset.

Personal assets are things of present or future value owned by an individual or household. Common examples of personal assets include: Cash and cash equivalents, certificates of deposit, checking, savings, and money market accounts, physical cash, and Treasury bills.

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 can include things like student loans, auto loans, mortgages and credit card debt.

Assets are things you own that have value. Your money in a savings or checking account is an asset. A car, home, business inventory, and land are also assets.

The vehicle is an asset with a cash value if you need to sell it. However, the car loan is a liability, and the loan should be deducted from the car's value.

What is assets in one word? ›

asset noun (GOOD QUALITY)

a useful or valuable quality, skill, or person: He'll be a great asset to the team.

The correct answer is option a. Assets are resources owned or controlled by a company that has expected future benefits.

Assets include both tangible and intangible economic, social, or productive resources, which can constrain or enable women and girls' empowerment. Our model locates financial and productive assets, knowledge and skills, social capital, and time, within the sphere of assets.

Assets are things you own that you can sell for money. In accounting, an asset is any resource that a business owns or controls. It's anything that could be sold for money. The study of a balance sheet and assets and liabilities helps us to ascertain the equity value.

Real assets include precious metals, commodities, real estate, land, equipment, and natural resources. They are appropriate for inclusion in most diversified portfolios because of their relatively low correlation with financial assets, such as stocks and bonds.

The five most common asset classes are equities, fixed-income securities, cash, marketable commodities and real estate.

An asset is anything you own that adds financial value, as opposed to a liability, which is money you owe. Examples of personal assets include: Your home. Other property, such as a rental house or commercial property.

We've heard it before, “Attitude is everything.” It's true. Your attitude is your greatest asset and can make up for gaps in your expertise, skills, and knowledge while growing in those areas. Make sure that you're intentional in keeping your attitude strong and contagious in a good way.