In simple words, an asset is something of value that you own and can convert to cash. Your car is an asset and so is your house because you could sell either one and receive its value in cash.

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

These are examples of assets not normally easily disposed of. Key Takeaway: Formally, if an asset isn't expected to be cashable within a year, it isn’t considered a current asset. In business, a ...

Liquid assets differ from other assets in how quickly they can be converted into cash. However, there are some other ways in which liquid assets differ from non-liquid ones. Aside from cash, liquid ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

When filing for bankruptcy, it is best to over-disclose to avoid the risk of unintentionally hiding assets. Assets that require disclosure fall into three main categories: personal property, real ...

Inventory is one of a company's most important assets, or resources. It consists of the products a business has available for sale and, if the business is a manufacturer, the materials used to make ...

A restaurant's assets in accounting are the resources it uses to run its operations and serve its guests. These items range from food ingredients to real estate. To make it easy to see what it owns, a ...

Anyone who has run a business of any size understands how confusing and, at times, complex the tax code can seem. So deferred tax assets (DTAs) can be challenging. However, understanding them is ...