What is AN Asset (Finance)?

In finance, an asset is defined as any resource owned or controlled by a business or individual that is expected to provide future economic benefits. Assets can be tangible, such as buildings, machinery, and inventory, or intangible, like patents, trademarks, and copyrights. Financial assets include cash, investments, accounts receivable, and stocks. The value of an asset is determined by its capacity to generate cash flows, reduce expenses, or enhance sales in the future. Assets are fundamental to evaluating a company’s worth, securing financing, and assessing its financial health and operational efficiency.

  • Asset Based Lending (ABL)

    Asset-based lending (ABL) is a type of business financing where loans or lines of credit are provided to companies based on the value of their assets. These assets, which serve as collateral for the loan, can include accounts receivable, inventory,…

  • Current Assets

    Current Assets represent the value of all assets within a business that is Cash or expected to be converted into cash within one year and are found in the Asset Section of a Balance Sheet.

  • Special Assets Department

    Special Assets Department or Bank Workout Group is the department within a lender that handles business loans and other types of funding that are in trouble. When a business has experienced multiple quarters of loses, perhaps missed loan payments or…

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