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Asset
A resource owned by an individual or organization that has economic value, such as cash, investments, and property.
More Details
An asset is anything that has value and can be owned. In the context of personal finance, assets are typically things that can be converted into cash and used to generate income or wealth.
Example
If you have cash, stocks, bonds, real estate, or any other investments, these are examples of your assets.
Related Terms
Overdraft
A situation in which an account holder writes a check or makes an electronic transaction for more money than is available in their account.
Checking Account
A type of bank account that allows the owner to deposit, withdraw, and manage their money using checks, debit cards, and electronic banking services.
Returned Item Fee
A fee that is charged to a bank account holder when a check or electronic payment they have made is returned unpaid.