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Asset
01
a valuable resource or quality owned by an individual, organization, or entity, typically with economic value and the potential to provide future benefits
Example
Real estate is considered a valuable asset due to its potential for long-term appreciation and rental income.
Human capital, such as knowledge, skills, and expertise, is an important asset for organizations seeking competitive advantage.
Goodwill, reflecting a company 's reputation and customer loyalty, is considered an asset on its balance sheet.
02
(usually plural) a property or an item of value that a company owns and can sell to pay its debts
Example
Real estate is considered a valuable asset due to its potential for long-term appreciation and rental income.
Human capital, such as knowledge, skills, and expertise, is an important asset for organizations seeking competitive advantage.
Goodwill, reflecting a company's reputation and customer loyalty, is considered an asset on its balance sheet.
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