Glossary A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | 1 | 3 | 4 | 5 Definitions by InvestorWords.com   What is...? asset Any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Examples are cash, securities, accounts receivable, inventory, office equipment, a house, a car, and other property. On a balance sheet, assets are equal to the sum of liabilities, common stock, preferred stock, and retained earnings. see also current assets, active asset, fixed asset, net asset value, available assets, capital asset, capital asset pricing model, cash ratio, wasting asset, earning asset, tangible asset, intangible asset, hidden asset, long-term assets, asset-based lending, noncurrent asset, operating asset, paper asset, quick assets, return on assets Copyright ©2009 by InvestorGuide.com. All Rights Reserved.