In this article we will look at some related terms used to talk about what a person or company owns. All of these terms contain the word asset.

What is an asset?

The technical name for the things a company or a person owns are their assets. Assets are expected to increase in value. The opposite of an asset is a liability, something that belongs to someone else and which the company will eventually have to pay back.

Assets appear on a company’s balance sheet,

There are several different types of asset:

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