a single item of ownership having exchange value. assets, items of ownership convertible into cash; total resources of a person or business, as cash, notes and accounts receivable, securities, inventories, goodwill, fixtures, machinery, or real estate (opposed to liabilities).
Regarding this, what does it mean to be an asset?
asset. Something of monetary value that is owned by a firm or an individual. Assets are listed on a firm's balance sheet and include tangible items such as inventories, equipment, and real estate as well as intangible items such as property rights or goodwill.
What is a real asset?
Real assets are physical assets that have value due to their substance and properties. Real assets include precious metals, commodities, real estate, agricultural land, machinery and oil.
What is an invaluable asset?
All you need is the cash value of what was lost. But some things––family photos, heirloom jewelry––are invaluable, meaning extremely valuable, or priceless. At first glance, you would think that invaluable means "not valuable."