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Asset
Asset is any economic value owned by the company, which can be transferred into money (cash). It is bought in order to improve business operations. In accounting it is a balance sheet representing company’s ownership. Examples include cars, equipment, buildings, patents, copyrights, cash etc.
| Related Terms: Lien Asset Turnover Fixed Asset Haircut Holding Period Illiquid Intestacy Delivery Month Jensen Index First In First Out - FIFO |