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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
Investment
The act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit.
Social Security
A government-run program that provides financial assistance to eligible individuals, including retired workers, disabled workers, and their families.
Canceled Check
A physical check that has been paid by the bank and cannot be used again. It may be returned to the payer with their bank statement.

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